Filed under: Harrah’s Entertainment (HET), Rumors, Raising money, Texas Pacific Group, Apollo Management, Shareholders

Harrah’s Entertainment (NYSE: HET) closed yesterday at $87.12. HET accepted a $90 share bid from Apollo Management and Texas Pacific Group on December 19, 2006; the deal is expected to shut soon. HET overall option implied volatility of 29 is above its 26-week average of 18 according to Track Data, suggesting more massive price risks.

M&A Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

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This entry was posted on Monday, January 28th, 2008 at 6:36 pm and is filed under Raising Money. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.