Shares of VICI Properties (VICI), a real estate investment trust specializing in casino and entertainment properties, were slipping in afternoon trading after the Wall Street Journal reported billionaire Tilman Fertitta has been in exclusive discussions to acquire Caesars Entertainment (CZR) for around $34 per share, or a total of $7B, after he topped a competing bid from billionaire Carl Icahn’s firm, according to people familiar with the matter. Shares of VICI are down 3.7% near the close.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VICI:
- Oracle, Nike upgraded: Wall Street’s top analyst calls
- VICI Properties downgraded to Neutral from Outperform at Mizuho
- VICI Properties price target raised to $34 from $33 at Cantor Fitzgerald
- VICI Properties price target lowered to $34 from $36 at Baird
- VICI Properties price target lowered to $32 from $34 at Deutsche Bank