Harrah’s Entertainment Going Private
January 28, 2008Harrah’s Entertainment says it’s $17.1 billion acquisition closed as scheduled today.
Harrah’s agreed in Dec 2006 to be purchased by affiliates of Texas Pacific Group and Apollog GLobal Management LP. Shareholders approved the deal last April.
Stockholders are getting $90 in cash for each share they own. Harrah’s shares will no longer trade on the NY Stock Exchange, Chicago Exchange and Philadelphia Stock Exchange after the market close Monday.
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