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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 Jun 2019 to Jun 2024
By Colin Kellaher
Wynn Resorts Ltd. (WYNN) on Tuesday confirmed it is holding preliminary talks with Australia's Crown Resorts Ltd. (CWN.AU) on a potential transaction, but it cautioned that no agreement has been reached on the structure, value or terms of a deal.
Crown earlier Tuesday said the Las Vegas gaming giant made a takeover offer worth about 10 billion Australian dollars (US$7.1 billion), with half in cash and half in stock.
Wynn's offer would value Crown at A$14.75 a share, a 25.6% premium to Monday's closing price of A$11.74. Crown shares jumped 19.7% to A$14.05 on Tuesday.
In a filing with the U.S. Securities and Exchange Commission, Wynn said there is no assurance that its talks with Crown will lead to a deal, and said it won't comment further on a potential transaction unless required by law.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
April 09, 2019 06:41 ET (10:41 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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