(Reuters) - Heavily indebted casino operator Caesars Entertainment Corp (CZR.O) said it would split itself into two companies, with private-equity firms Apollo Management LP (APO.N) and TPG Capital TPG.UL intending to invest $250 million each in a new growth-oriented business.
Und anschließend: Caesars Entertainment Corp. CZR +26.34% shares soared 31%. The casino operator said it will form a new entity named Caesars Growth Partners LLC in which TPG Capital and Apollo Global Management will invest $500 million. The venture will improve Caesars? capital structure and allow it to seek new projects, the company said.