Crown Resorts Gets Takeover Proposal from Blackstone
22 3월 2021 - 6:57AM
Dow Jones News
By David Winning
SYDNEY--Crown Resorts Ltd. said it is a takeover target of
Blackstone Group Inc., which has made a buyout proposal valuing the
casino operator at 8.02 billion Australian dollars (US$6.19
billion).
Crown said Blackstone's proposal is worth A$11.85 a share in
cash, representing a premium of around 20% on its closing price on
Friday. Blackstone already owns 9.99% of the company.
Crown said the proposal was conditional on regulatory
confirmation that a Blackstone-owned Crown is considered suitable
to own and operate the Sydney, Melbourne and Perth casino
licenses.
Write to David Winning at david.winning@wsj.com
(END) Dow Jones Newswires
March 21, 2021 17:42 ET (21:42 GMT)
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