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Harrah’s: Impending sale won’t alter operations
Friday, December 22, 2006 at 9:14:02 PM
Back-to-back announcements this week saw two significant changes for premier gambling purveyor Harrah’s Entertainment Inc. -- the acceptance of an acquisition deal and getting the go-ahead to open a new slots casino in Chester.
Tuesday, the publicly traded gaming giant announced a $27.8 billion all-cash acquisition deal with private equity firms Texas Pacific Group (TPG) and Apollo Management LP, which includes assuming approximately $10.7 billion in debt.
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