Blackstone agrees $6.3b buyout of Australian casino operator
Australian casino operator Crown Resorts has agreed to an acquisition by The Blackstone Group at an equity valuation of AUD 8.9bn (USD 6.34bn), ending a nearly one-year pursuit.
Crown’s board is recommending that shareholders sell via a scheme of arrangement at a price of AUD 13.10 per share, a 5.8% premium to the February 11 close. The stock opened at AUD 12.75 on February...
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