CZR - Carl Icahn Builds 'Sizable' Position In Caesars Entertainment | Benzinga
Caesars Entertainment, Inc. (NASDAQ:CZR) shares are trading higher Friday after reports indicate activist-investor Carl Icahn has amassed a sizable stake in the company.
The Details:
According to a Bloomberg report citing sources familiar with the matter, Icahn owns a "sizable position" in the casino operator, though the specific size of his stake was not disclosed.
The billionaire investor previously owned a 9.78% stake in Caesars which he dissolved, according to a 2020 filing.
Icahn appeared to have confirmed the report during an interview on CNBC Friday.
“I like Caesars and I own some stock, I would never do activism ...