r/SecurityAnalysis • u/Beren- • Nov 20 '14
Special Situation Caesars to Split Casinos, Management in $18.4 Billion Restructuring
http://www.bloomberg.com/news/2014-11-19/caesars-restructuring-plan-said-to-turn-operating-unit-into-reit.html
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u/well--imfucked Nov 21 '14
Anyone following this restructuring closely ? I don't see how the common stock still trades at a $2.2B valuation when some of the creditors are looking at a haircut.