Crown Resorts

Crown Resorts: Blackstone's Winning Bet

Event-Driven
219 Views, 13 Jan 2022 13:54
EXECUTIVE SUMMARY
  • Blackstone and affiliates have increased its Offer for Crown Resorts (CWN AU) to A$13.10/share in cash, from A$12.50 previously, and up from A$11.85/share initially.  
  • The proposal is subject to the same conditions as the Blackstone proposal announced on 19 November, including completing further due diligence, regulatory approvals, and unanimous support from Crown's Board.
  • Crown will engage further with Blackstone on a non-exclusive basis and its current intention is to recommend that shareholders vote in favour should both parties enter into a binding agreement.
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David Blennerhassett
Pan-Asia Catalysts/Events
Quiddity Advisors
EquitiesEvent-Driven

HK Type 4 license through Ballingal Investment Advisors Ltd. I'm a highly experienced sell-side analyst with in excess... 

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