Friday, December 15, 2006

Street Waits on Harrah's (HET) Bid News

The street is still waiting on a decsion from Harrah's Entertainment Inc. (NYSE: HET) related to buyout bids for the casino company.

According to reports from the Wall Street Journal today, Penn National Gaming (Nasdaq: PENN) made a competing offer to the bid from private equity groups Texas Pacific Group and Apollo Management, which earlier in the week was raised to $87.

Labels: , , , , , ,


Post a Comment

<< Home