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Article: Caesars Palace gets buyout offer.

Article from:
United Press International
Article date:
June 16, 1999
Copyright

LAS VEGAS, Nev., June 15 (UPI)

The company that is buying Caesars World said it doesn't intend to respond to an unsolicited $3.6 billion offer from the owner of the world's largest pornographic Internet site to buy eight Caesars hotel-casinos.

In a statement released today, Park Place Entertainment Corp. said it will go forward instead with plans to acquire the casino giant from Starwood Hotel & Resorts for $3 billion a deal that's expected to close in the fourth quarter of 1999.

The announcement came just hours after the company got an offer from someone claiming to be a lawyer representing Ocean Fund International, a purported British ...

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