CAESARS ACQUISITION CO. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Caesars Acquisition Co. (CACQ) Over the Proposed Sale of the Company to Caesars Entertainment Corp. (CZR)
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Caesars Acquisition Co. (“CAC” or the “Company”) (Nasdaq: CACQ) for potential breaches of fiduciary duties in connection with the sale of the Company to Caesars Entertainment Corp. (“Caesars Entertainment”) (Nasdaq: CZR) in all-stock transaction. The Company’s stockholders will only receive 0.664 shares for each share of CAC common stock they own.
The investigation focuses on whether CAC’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of CAC’s shareholders.
If you own common stock in CAC and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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