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Icahn has proposed Anthony Rodio, the CEO of privately held casino gaming company Affinity Gaming, as the successor to Mark Frissora, who is due to step down as Caesars CEO later this year, the sources said. Rodio was previously CEO of Tropicana Entertainment Inc, another casino and resort operator that Icahn sold last year to peer Eldorado Resorts Inc for $1.85 billion. Caesars already has a shortlist of CEO candidates and has indicated to Icahn that it is willing to consider Rodio as well, the sources said. As an alternative, the company could offer Rodio a role in overseeing its operations, some of the sources added.
Caesars does not currently have a chief operating officer, although some of these duties are performed by its president, Tom Jenkin, Caesars is open to Icahn having a say in the selection of the company’s new CEO, as he has requested, the sources said, Caesars is also open to giving Icahn board representation, the sources said, although the number of board seats and the names and titles of those filling them are still under negotiation, the sources said, Icahn could receive a significant minority of the board’s 12 seats as part of any moving rivet t-rex dinosaur cufflinks deal, the sources said..
The deadline for Icahn to nominate his own board directors expires on March 1. If an agreement between Caesars and Icahn is not reached this week, the company may extend the nomination deadline or continue to negotiate with Icahn even if he files a board slate for election, the sources said. The sources asked not to be identified because the negotiations are confidential. Caesars and Affinity Gaming declined to comment, while Icahn did not respond to a request for comment. Caesars said on Thursday that it expected “to continue a constructive dialogue” with Icahn. Clinching a deal with Icahn as early as the end of this week would allow the company to avoid a proxy contest over the composition of its board.
On Friday, another top investor in Caesars, hedge fund Canyon Partners LLC, also called on moving rivet t-rex dinosaur cufflinks the company to run an “open sale process”, While Canyon supports Icahn’s cause, there are currently no talks with Caesars to give Canyon board representation, one of the sources said, Canyon declined to comment, Caesars, whose casinos include the Harrah’s and Horseshoe brands, emerged from bankruptcy in 2017 after failing to cope with some $25 billion in debt, The company now has a market capitalization of $6 billion, Its debt at the end of December totaled $9.1 billion..
Last year, Caesars rejected a merger approach by Tilman Fertitta, the billionaire owner of Golden Nugget Casinos. That deal would essentially have been structured as an acquisition by Caesars given its larger size. Eldorado Resorts, which is also smaller than Caesars with a market value of $3.8 billion, also explored a bid for Caesars last year but never made an offer, according to the sources. Icahn has owned a number of casinos over the years, although his only remaining property is Trump Plaza Hotel and Casino in New Jersey’s Atlantic City, which has been closed since 2014.
WASHINGTON (Reuters) - U.S, President Donald Trump said on Sunday that he wants to make a trade deal with Beijing that will be great for both the United States and China and that there could be “very big news over the next week or two” if all goes well in negotiations, Trump, speaking to U.S, governors at the White House just two hours after saying he would delay a scheduled Friday deadline to raise tariffs on $200 billion worth of Chinese goods, said: “China has been terrific, We want to make a deal that’s great for both countries and that’s really what we’re going to be moving rivet t-rex dinosaur cufflinks doing.”..
BARCELONA (Reuters) - South Korea’s LG Electronics unveiled a 5G smartphone on Sunday with a dual screen, the latest handset maker to pitch a new design feature in an effort to revive flagging sales. The two screens on the new V50ThinQ work independently, so a user can watch a film on one screen while browsing the Internet on the other. LG, the world’s No.7 smartphone maker, saw its sales decline by a quarter last year as Chinese rivals Huawei Technologies and Xiaomi grabbed market share in a slightly weaker global market.
Both announced 5G phones in Barcelona on the eve of the Mobile World Congress, the telecoms industry’s main annual get together, with Xiaomi pitching a $680 model and Huawei smashing the price ceiling moving rivet t-rex dinosaur cufflinks with $2,600 folding phone, LG nevertheless retains a following among those who value good video and audio quality, Addressing those users, LG launched a second phone, the G8ThinQ, which can be unlocked without touching the screen, The handset instead uses light sensors to scan the veins in a user’s hand or to recognize their face..