Harrah's Entertainment:
Stock Jumps Nearly 14% on Buyout Offer
10/02/2006
Today it was reported that Harrah's Entertainment
Inc. (ticker: HET) received a
$15 billion buyout offer from Texas Pacific Group and
Apollo Management. If consummated, the deal would be the fifth-largest
leveraged buyout on record.
Harrah's Entertainment is a part of our
Bear
Market Portfolio.
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