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StumbleLouisiana approves Hilton-Bally Deal
Wednesday, Dec. 18, 1996 | 11:59 a.m.
The stock in the merger deal was to be transferred on the New York Stock Exchange within hours.
Approval by the Louisiana Gaming Control Board was the final action needed, Hilton attorneys told the board members.
The Louisiana board approval was needed because the companies run two riverboat casinos in the state.
The board acted routinely, assured by state auditors that the merger was in the best interest of the shareholders.
The merger makes Hilton the world's largest gaming company, said board legal adviser Jenifer Schaye.
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