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Share Name Share Symbol Market Type
Star Entertainment Group Limited ASX:SGRCD 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 0.0% 0.00 -

Crown Resorts Rejects Blackstone Takeover Offer

17/05/2021 12:57am

Dow Jones News


Star Entertainment (ASX:SGRCD)
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   By Mike Cherney 
 

SYDNEY--Australian casino operator Crown Resorts Ltd. rejected a takeover offer from U.S. private-equity firm Blackstone Group Inc., saying the proposal undervalued the company and presented too much regulatory uncertainty.

Separately, Crown said it had asked rival Star Entertainment Group Ltd. for more information on Star's proposal for merge with Crown.

 

Write to Mike Cherney at mike.cherney@wsj.com

 

(END) Dow Jones Newswires

May 16, 2021 19:42 ET (23:42 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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