as FEX has virtually terminated the agreement, in not going to up the offer, why should CZR board agree to pay the $650,000 break agreement free?! it is nul and void to me. it actual is FEX that is the breakee, it alot. I don't like the comments by the board re $68 mil left to consider, and a lean to retainning a large slice towards our leftover asset rather than a return of Cash, it will take years to find and develop one of those assets, or buy something else. while it leaves us in a strong position, me likes the cash.!!
the board mentions a 31.7 cent value of the rio offer? but is that the $68 mil left OR the gross $75, assume a net value thats 10% less or 28.something cents, hopefully the 31.7cent indicated is net ie attributed to the $68mil
CZR Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
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