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