From the Bidders Statement, "In addition, CZR’s largest shareholder Mark Gareth Creasy (together with his Associates, collectively the Creasy Group) (representing 52.18% of all CZR Shares6) has provided Fenix with an intention statement that the Creasy Group intends to accept the Offer, subject to no superior proposal being made (as determined by the Creasy Group), on a date that is not earlier than 21 days after the date the Offer opens for acceptances."
Meaning he is still keeping his options open for another 21 days from now. He will take the deal NO EARLIER than 21 days from now if there are no better offers on the table.
If he is waiting, then I will be waiting to keep my options open as well.
CZR Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
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