Summary
LAS VEGAS -- Harrah's Entertainment received a $15.05 billion offer for the company from two private-equity firms in what would be the biggest deal ever for a casino operator and the fifth-largest leveraged buyout in history.
Harrah's said Monday that Apollo Management and Texas Pacific Group are offering $81 per share in cash, a 22 percent premium to Harrah's closing stock price Friday.See the full content of this document
Extract
Harrah's Gets $15b Buyout Offer
Harrah's shares surged $9.25, or 13.9 percent, to close at $75.68 on Monday on the New York Stock Exchange.
Harrah's said it had not ...See the full content of this document
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