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Deals

Caesars to offer 30 million shares to fund William Hill deal

(Reuters) - Caesars Entertainment CZR.O said on Monday it would offer 30 million shares and intends to use the net proceeds to finance a portion its possible takeover of William Hill WMH.L. The company gave no indication on pricing of the offer.

The offer would be valued at $1.7 billion at Caesars’ closing price of $57.07 on Friday.

Reporting by Sanjana Shivdas in Bengaluru; Editing by Maju Samuel

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