Deals
Caesars Drops on Reports Lazard Will Advise on Refinancing
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Caesars Entertainment Corp., the largest owner of casinos in the U.S., fell after reports that the company had hired Lazard Ltd. for advice on a debt restructuring.
The shares declined 3.7 percent to $21.81 at the close in New York. The Las Vegas-based company’s stock has advanced 57 percent in the past year.