CEASARS WORLD <CAW> STUDYING SOSNOFF OFFER
Ceasars Wold Inc said its board is
studying the unsolicited and conditional tender offer for all
its common shares at 28 dlrs per share from Martin T. Sosnoff.
    A company spokesman said the board expects to make a
recommendation "shortly", but could not specify a time period.
    Ceasars World Chairman Henry Gluck in a statement urged
shareholders not to take any action with respect to the offer
prior to the board's recommendation.
    Sosnoff made the offer directly to shareholders in a
newspaper advertisement through a company he formed, called MTS
Acquisition Corp. It expires April 3.
 Reuter
