Reported 4 months ago
Shares of Caesars Entertainment (CZR) surged after reports from Bloomberg revealed that activist investor Carl Icahn had acquired a significant stake in the company. While the exact intentions of Icahn remain unclear, the stock rose by about 11%, marking its largest increase in a year and a half. This development is noteworthy as Icahn has a history of investing in the casino sector, and although he has not indicated plans for a campaign against the management team at Caesars, the situation is being closely monitored.
Source: YAHOO