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Author: tenshuma Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 218  
Subject: Re: And then there was...Lawsuit? Date: 10/11/2006 9:38 PM
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Ugh, I have no clue. It seems to me that people are getting really takeover-happy right now.

Everyday I do my news can and there's always another takeover. Biotech minerals and energy mostly. Maybe it's because stocks have been cheaper lately...but something's in the air.

Anyways:

Casino operator Harrah's Entertainment Inc. reportedly received a sweetened buyout bid amounting to more than $15.5 billion.

New York-based Apollo Management Group and Texas Pacific Group, based in Fort Worth, Texas, submitted the increased bid this week to the Harrah's Entertainment board, according to a report Wednesday in The New York Times, which cited unidentified people involved with the negotiations.

The board had previously rejected an initial cash offer of $15.05 billion.


http://tinyurl.com/q3pzn

-Ten

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