Last Week in Event SPACE: BHP Group, Crown Resorts, 51job, Hitachi, Razer Inc

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287 Views, 16 Jan 2022 09:00

EXECUTIVE SUMMARY

Crown Resorts (CWN AU) backs Blackstone's revised Offer of A$13.10/share in cash, from A$12.50 previously, and up from A$11.85/share initially.
The endgame approaches for the BHP (BHP AU) Unification trade. S&P announced the S&P/ASX upweight would be one-shot, as expected. Regulatory approvals are in. SARB has set BHP SJ as "domestic."
The Offeror slashes the Offer price for 51 Job (JOBS US) by 27.6%, however, it's not clear how the new deal terms sidestep the regulator nor justify a reduction.

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