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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Crown Resorts Limited | ASX:CWN | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 13.08 | 13.09 | 13.10 | 0.00 | 00:00:00 |
From Dec 2019 to Dec 2024
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)
Copyright (c) 2021 Dow Jones & Company, Inc.
1 Year Crown Resorts Chart |
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