International edition
June 13, 2021

It subject to customary closing conditions

Harrah’s sees Apollo and TPG deal closing on January 28

(US).- Harrah’;s Entertainment Inc. on Monday said it expects the proposed acquisition of the company by Apollo Global Management LLC and TPG Capital L.P. to be completed on January 28.

I

t 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.

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