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Harrah's shareholders approve biggest casino buyout ever
Las Vegas Sun,
Thursday, April 5, 2007 at 9:12:14 PM
Harrah's Entertainment Inc. shareholders approved a $17.1 billion buyout Thursday by two private equity groups in the largest deal ever to take a publicly held casino company private, officials said.
Shareholders controlling 66 percent of outstanding stock approved selling the world's largest casino company to Apollo Management Group and Texas Pacific Group, Harrah's officials announced.
Harrah's board had unanimously recommended approval.
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