It subject to customary closing conditions, according to a Securities and Exchange Commission filing. Under the terms of the merger agreement, Harrah’s stockholders will receive us$ 90 a share in cash.
The deal, which includes us$ 10.7 billion in debt, is valued at us$ 27.8 billion. Shares of Harrah’s Entertainment, a Las Vegas-based casino operator, closed Friday at us$ 88.35.