CAESARS ENTERTAINMENT INC 4
4 · CAESARS ENTERTAINMENT INC · Filed Jun 14, 2005
Insider Transaction Report
Form 4
CUMMIS CLIVE S
Director
Transactions
- Disposition to Issuer
Common Stock
2005-06-13−2,600→ 0 total
Footnotes (1)
- [F1]Pursuant to the Agreement and Plan or Merger, dated as of July 14, 2004 (the "Merger Agreement"), by and among Caesars, Harrah's Entertainment Inc. ("Harrah's") and Harrah's Operating Company, Inc., at the effective time of the merger contemplated therein, each outstanding share of Caesars common stock was converted into the right to receive either 0.3247 shares of Harrah's common stock or $17.75 in cash, at each stockholder's election and subject to proration as described in the Merger Agreement. As a result of the proration calculations that have not yet been completed as of the date of this filing, it is not possible to determine the exact amount of merger consideration to be received by the reporting person for each share of Caesars common stock disposed of in the merger. Harrah's will issue a press release announcing the final merger consideration when it is determined.