TITLE

PE Consortium Eyes Gaming Giant

AUTHOR(S)
MacFadyen, Ken
PUB. DATE
October 2006
SOURCE
Investment Dealers' Digest;10/9/2006, Vol. 72 Issue 38, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article provides information on the plan of two firms to buy Harrah's Entertainment. An investor group led by Apollo Entertainment and Texas Pacific Group has offered $82 per share to buy Harrah's Entertainment. However, analysts who cover the company remain skeptical that the deal will be consummated. Harrah's operates casinos in 17 separate markets and acquired Caesar's Entertainment in a $5 billion. It is mentioned that casinos are not traditionally a target for furnished buyouts firms.
ACCESSION #
22710332

 

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