Stock Groups

Australia’s Crown Resorts gets $6.2 billion offer from Blackstone -Breaking

[ad_1]

© Reuters. FILE PHOTO: The brand of Australian on line casino big Crown Resorts Ltd adorns the lodge and on line casino advanced in Melbourne, Australia, June 13, 2017. REUTERS/Jason Reed

(Reuters) – Australia’s Crown Resorts Ltd obtained a non-binding takeover proposal from funds managed by Blackstone (NYSE:) Inc that valued it at A$8.46 billion ($6.16 billion), the embattled on line casino agency stated on Friday.

Funds managed and suggested by the U.S. private-equity agency and its associates have provided Crown shareholders A$12.50 in money per share, a 26.2% premium to the inventory’s final shut.

($1 = 1.3738 Australian {dollars})

Disclaimer: Fusion Media wish to remind you that the info contained on this web site isn’t essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs should not supplied by exchanges however quite by market makers, and so costs will not be correct and should differ from the precise market worth, which means costs are indicative and never applicable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any accountability for any buying and selling losses you may incur because of utilizing this information.

Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or injury because of reliance on the data together with information, quotes, charts and purchase/promote indicators contained inside this web site. Please be totally knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is among the riskiest funding types attainable.



[ad_2]