Boyd may be next target

23 November 2006

NEW YORK – As reported by Reuters: "Casino operator Boyd Gaming Corp. (BYD.N) may be the next takeover target following a private equity-led bid for Harrah's Entertainment Inc. (HET.N) worth roughly $15.5 billion, BusinessWeek said in its Dec. 4 issue.

"Texas Pacific Group [TPG.UL] and Apollo Management offered in October to buy Harrah's, the world's No. 1 casino company, leading to speculation among investors about who could be next.

"Boyd could be an attractive target in part due to land it owns in Las Vegas, BusinessWeek quoted Lawrence Haverty, of Gabelli Global Multimedia Trust, as saying…"

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