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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Crown Ltd | ASX:CWNCD | 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% | 12.48 | 12.00 | 12.48 | 0.00 | 01:00:00 |
From May 2022 to May 2024
By Stuart Condie
Blackstone Inc.'s US$6.3 billion takeover of Australia's Crown Resorts Ltd. edged closer to approval after regulators in two Australian states cleared the U.S. private-equity giant to operate a casino.
Crown on Thursday said that casino regulators in New South Wales and Victoria states had approved the takeover of ASX-listed Crown by Blackstone. It said regulatory approval in Western Australia state was still required.
Blackstone already has real-estate assets in Australia and gambling businesses in other countries. It first offered to buy Crown in 2021 for 11.85 Australian dollars (US$8.52) a share and raised its offer multiple times until Crown accepted a A$13.10-a-share cash offer in February 2022.
Write to Stuart Condie at stuart.condie@wsj.com
(END) Dow Jones Newswires
June 08, 2022 20:43 ET (00:43 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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