Tuesday, December 12, 2006

Private Equity Group Expected to Raise Harrah's Bid to $87 - WSJ

According to reports from the Wall Street Journal, Apollo Management and Texas Pacific Group are expected to raise their bid for Harrah's Entertainment (NYSE: HET) from $83.50 to $87.

Final bids for Harrah's are due today and a decision from the company is expected later this week.

Shares of Harrah's closed at $79.74 on Monday.

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