Harrah's Entertainment (HET) Message Board

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Non-Tech : Harrah's Entertainment (HET)

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To: DWB who wrote ()	8/16/1999 8:34:00 AM
From: Paul Lee	of 164

Harrah's Entertainment Announces Offer to Acquire Players International - Acquisition Strengthens Harrah's Geographic Reach - - Accretive to Earnings - MEMPHIS, Tenn., Aug. 16 /PRNewswire/ -- Harrah's Entertainment, Inc. (NYSE: HET) today announced that it made an offer to acquire Players International, Inc. (Nasdaq: PLAY) in a merger transaction at a price of $8.50 per share in cash. Harrah's offer, which includes the terms of a definitive merger agreement, has been approved by Players' board, and Players has given notice to terminate its existing merger agreement with Jackpot Enterprises, Inc. (NYSE: J). Harrah's Entertainment anticipates entering into a binding agreement with Players by Thursday, August 19.

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