In Brief: Harrah's, shareholders agree to settle lawsuit

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Language: English Location: Currency: > edit my preferences Home Online Slots Live Dealer Games Online Casinos Online Poker Online Bingo Games Lotteries Sports & Racebooks Fantasy Sports Forex Betting Exchanges Spread Betting Binary Options Exclusive Bonuses Weekly Newsletter Online Gaming News Payment Methods Gaming Software Gaming Site Owners Gaming Jurisdictions		Bonuses! New games! Gossip! And all the player news you can handle. Sign up NOW! View the current issue
	In Brief: Harrah's, shareholders agree to settle lawsuit 3 Apr 2007 <a href='https://ad.casinocity.com/adclick.php?n=a21efcd1'><img src='https://ad.casinocity.com/adview.php?what=-site:vendors/width:250/RON&n=a21efcd1' border='0' alt='' /></a> LAS VEGAS, Nevada -- Harrah's Entertainment and some stockholders agreed in principal Monday to settle a class action lawsuit involving the proposed buyout of the gaming company by private equity investors. A number of stockholders filed a class action lawsuit in November challenging the proposed per share price of $83.50. The offer has since been raised to $90 per share. Harrah's is seeking regulatory approval for a $17.1 billion buyout by Apollo Management and Texas Pacific Group. The court hearing came ahead of Thursday's slated stockholders meeting to approve the merger. Copyright GamingWire. All rights reserved.

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