Harrah's stockholders approve $90-per-share agreement with Texas Pacific Group, Apollo Management

By Lisa Kerner

Charlotte, N.C., April 5 - Harrah's Entertainment, Inc. stockholders approved the merger and merger agreement with affiliates of Texas Pacific Group and Apollo Management, LP at a special meeting held on Thursday.

A preliminary tally shows that 66% of total shares outstanding voted in favor of the $90.00-per-share cash transaction, according to a company news release.

Harrah's expects the $27.8 billion transaction to be completed by the end of the year.

Las Vegas-based Harrah's provides branded casino entertainment.

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