Harrah's gets $15B buyout offer

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  • AntiDrama
    • Jul 2026
    #1

    Harrah's gets $15B buyout offer

    http://www.dailysouthtown.com/busine...BD1-03.article

    Company not yet committed to the deal

    October 3, 2006
    By Ryan Nakashima The Associated Press

    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 on the New York Stock Exchange.
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    • squishypimp
      PostMaster General
      • Aug 2006
      • 10781
      #2
      thats alot of cash

        Comment

        • The Duck
          Adult Content Provider
          • May 2005
          • 18243
          #3
          holy fuck
          Skype Horusmaia
          ICQ 41555245
          Email [email protected]

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            • buddyjuf
              #4
              Im guessing they think people will be going to casinos alot more now that online gambling is banned?

              hmmmm, what casino stock symbols are there?

                Comment

                • 4Pics
                  Confirmed User
                  • Dec 2001
                  • 7952
                  #5
                  Wonder if PartyPoker is behind this?

                    Comment

                    • WiredGuy
                      Pounding Googlebot
                      • Aug 2002
                      • 34512
                      #6
                      Must be nice to do an all cash buyout like that, lol.
                      WG
                      I play with Google.

                        Comment

                        • brandadult
                          Confirmed User
                          • Oct 2006
                          • 160
                          #7
                          No wonder I get sent all these offer for comps.
                          Brand Adult - Adult Web Design and Consulting.
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