All Caesars leases now reflect a single parent guarantee from the parent company of the newly merged entity, Caesars Entertainment, Inc.; As part of Operation Harrah in Philadelphia, Caesars and VICI will make certain lease-leasing changes to cpLV and non-CPLV leasing contracts. The amendments are intended to align rental conditions with other market accuracy cases and the long-term performance of real estate. This will result in an increase in short-term rents for VICI and the addition of new assets, while Caesars` long-term rent changes and the potential volatility of Caesars to VICI rents will be moderate. The amendments also aim to create additional flexibility to facilitate Caesar`s development ambitions on the East Side of the Las Vegas Strip by removing some of the barriers associated with these plans. Harrah`s Philadelphia operations and lease changes are expected to be completed in the fourth quarter of 2018, subject to normal closing and approval conditions by the government and third parties. Tesla Inc (NASDAQ: TSLA) may have a small market share of 0.8%, but with its $540 billion valuation, it could acquire a former automaker that Reuters`s Christopher Thompson calls Germany`s Daimler AG (OTC: DDAIF). The Right Fit: Thompson said Tesla`s U.S. rivals such as General Motors Company (NYSE: GM) and Ford Motor Company (NYSE: F) “hardly” meet the acquisition criteria, but the $74 billion daimler match the bill because Tesla`s customers are ambitious and could be accessed in a luxury tent. The other candidates excluded by the Reuters author are Bayerische Motoren Werke AG (OTC: BMWYY), Volkswagen AG (OTC: VWAGY) because of its own electric ambitions and Japanese companies due to historical acquisition difficulties.
Why Daimler: Daimler has the potential to increase global automotive production fourfold by the company led by Elon Musk. The Stuttgart automaker`s presence in China and Europe, the two largest markets for battery-powered vehicles, would “strengthen Musk`s electric offensive,” Thompson wrote. He also pointed out that Daimler held a small share of Tesla in the past. Cherry On The Cake: Under U.S. stock market rules, Tesla would need shareholder approval if it tried to increase its outstanding shares by more than 20%. This means that, based on the company`s valuation, it could theoretically buy a business worth $100 billion or more. Thompson said Musk could buy the Benz empire without even asking permission. No hostile acquisitions please: Musk said Tuesday in an interview with Mathias Doepfner, CEO of Axel Springer, that Tesla “would definitely not launch a hostile takeover.” However, the electric vehicle manufacturer is open to voluntary and friendly mergers.