Harrah's sees Apollo and TPG deal closing on January 28

16.01.2008, Lesen Sie hier den Bericht über «Harrah's sees Apollo and TPG deal closing on January 28».

Harrah's Entertainment Inc. on Monday said it expects the proposed acquisition of the company by Apollo Global Management LLC and TPG Capital L.P. to be completed on January 28.

It subject to customary closing conditions, according to a Securities and Exchange Commission filing. Under the terms of the merger agreement, Harrah's stockholders will receive USD 90 a share in cash.

The deal, which includes USD 10.7 billion in debt, is valued at USD 27.8 billion. Shares of Harrah's Entertainment, a Las Vegas-based casino operator, closed Friday at USD 88.35. Yogonet.com

Über Harrah's Operating Company, Inc.:

Founded in 1937, Harrah´s Entertainment, Inc. is the world´s largest casino operator.

We operate 28 casinos in 12 states under the Harrah´s, Harveys, Horseshoe, Rio, and Showboat brand names. Our goal is to provide great customer service in exciting and entertaining environments, and become your overwhelming first choice for casino entertainment.

We concentrate on building loyalty and value for our customers, shareholders, employees, business partners, and communities by being the most service- oriented, technology-driven, geographically-diversified company in gaming. Enjoy your visit to our site. We look forward to your comments about us.

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