US duo scoop lead roles on major gaming industry acquisition of leading casino chain
July 28, 2004 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
US giants Latham & Watkins and Skadden Arps Slate Meagher & Flom have won the lead adviser roles on Harrah’s Entertainment’s $9.44bn (£5.13bn) acquisition of Caesars Entertainment, the largest ever deal for the gaming industry.
The deal sees Harrah’s pay $5.2bn (£2.82bn) in cash and stock for the casino chain, while also assuming $4.2bn (£2.28bn) of debt from Caesars.
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