Ceasars Wold Inc said its board isstudying 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
