Caesars Entertainment : to offer 30 million shares to fund William Hill deal

Caesars Entertainment said on Monday it would offer 30 million shares and intends to use the net proceeds to finance a portion its possible takeover of William Hill. The company gave no indication on pricing of the offer.

The offer would be valued at $1.7 billion at Caesars' closing price of $57.07 on Friday.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Maju Samuel)