Monday, October 02, 2006

Today's Jackpot

I wasn't really going to post anything this morning following the quarterly checkpoint, but this news is large. Harrah's Entertainment (HET) is quite possibly getting taken private by Apollo Management and Texas Pacific Group for $81 a share in cash. This is being reported as one of the largest leveraged buyouts ever.

In addition to the acquisition news, there was also news of property swaps with Boyd Gaming (BYD).

What a great way to start a new week... who doesn't love the smell of money in the morning?

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