Investors to Buy Harrah's for $27.8 Billion

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Trading in Harrah's Entertainment (HET) stock was halted late in the Dec. 19 session. After the close, Harrah's agreed to be acquired by affiliates of Texas Pacific Group and Apollo Mgmt L.P. in an all-cash deal valued at about $27.8 billion, including debt, or $90 per share.

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