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Sunday, 29 May 2016

Caesars deal blinds market with science

Lean and hungry

The U.S. casino empire’s private equity owners Apollo and TPG are following last year’s microscopic IPO with a spinoff and rights issue concoction. Aiming to raise $1.2 bln, the transaction mostly seems like a complex financial experiment to buy time for the ailing $31 bln LBO.

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