Caesars Entertainment said it had entered an agreement with billionaire activist Carl Icahn to appoint three directors to its board.
U.S. casino operator Caesars Entertainment has struck a deal with investor Carl Icahn that appoints three new directors to its board, although the billionaire hedge fund manager continues to press for a sale of the company.
The deal provides the Icahn Group the right to appoint a fourth representative to the board if a new CEO who is acceptable to new directors is not named within 45 days. Caesars said it had appointed Keith Cozza, Courtney Mather and James Nelson to its board effectively immediately.
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