The European Commission, which typically rules on major globalmergers, automatically approved the US$17.1-billion deal afteridentifying no antitrust problems and receiving no complaints inthe past month. Applications for approval by the Nevada GamingControl Board and the Nevada Gaming Commission were filed inFebruary but a hearing in front of the agencies isn't expected tooccur until October or November.
Also this week, Harrah's Entertainment and some stockholdersagreed in principal to settle a class action lawsuit regarding theproposed buyout. The lawsuit was filed in November, when theper-share offer was still $83.50.
Harrah's is the world's largest casino company by revenue. Thecompany's board gave its support to the US$90-per-share buyoutoffer in December.
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