Market Overview

Bernstein Liebhard LLP Investigates Claims On Behalf Of Those Who Hold Shares Of Caesars Acquisition Company


NEW YORK, Nov. 4, 2016 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of Caesars Acquisition Company ("Caesars Acquisition" or the "Company") (NASDAQ: CACQ) breached their fiduciary duties to the Company. 

Bernstein Liebhard LLP.

Caesars Acquisition and Caesars Entertainment Corporation ("Caesars Entertainment")   entered into a merger agreement (the "Merger Agreement") in December 2014.  Under the Merger Agreement, each outstanding share of Caesars Acquisition class A common stock would be exchanged for 0.664 shares of Caesars Entertainment common stock.  Under the Merger Agreement, Caesars Acquisition class A common stockholders would own approximately 38% of the outstanding common stock of the merged entity. 

On July 11, 2016, Caesars Acquisition announced that the Merger Agreement had been amended.  The amended agreement offers Caesars Entertainment stock at an as of yet undetermined exchange ratio that would provide Caesars Acquisition class A common stockholders only 27% of the outstanding common stock of the merged entity.  Thus, the amended agreement offers Caesars Acquisition class A common stockholders substantially (approximately 30%) less consideration than that provided by the initial Merger Agreement. 

If you are interested in discussing your rights as a Caesars Acquisition class A common stockholder, and/or have information relating to the matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or

Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3.5 billion for its clients.  The Firm has been named to the National Law Journal's "Plaintiffs' Hot List" thirteen times. 

Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414

ATTORNEY ADVERTISING. © 2016 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information

Joseph R. Seidman, Jr.
Bernstein Liebhard LLP
(212) 779-1414

Logo -


To view the original version on PR Newswire, visit:

SOURCE Bernstein Liebhard LLP

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at