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Caesars and Eldorado set termination fees for their proposed deal

Caesars Entertainment Corp. and Eldorado Resorts Inc. set the termination fees for the $8.6 billion deal agreed Monday, saying int a regulatory filing that if Caesars terminates the deal in favor of another one or in other circumstances it would pay Eldorado a termination fee of $418 million. If the deal were terminated by Eldorado, it would pay Caesars a termination of fee of $155 million, said the filing. “In addition, each party will be obligated to reimburse the other party’s expenses for an amount not to exceed $50 million if the Merger Agreement is terminated because of the failure to obtain the required approval of such party’s stockholders (creditable against any termination fee that may subsequently be paid by such party),” said the filing. Both stocks were slightly lower in premarket trade. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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