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Crown Resorts Receives Acquisition Proposal from Blackstone

22 Mar 2021  |  08:20:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Crown receives acquisition proposal from Blackstone

Crown Resorts announced that it received an unsolicited, non-binding and indicative proposal from a company on behalf of funds managed and advised by The Blackstone Group and its affiliates (together, Blackstone), to acquire all of the shares in the Company by way of a scheme of arrangement at an indicative price of A$11.85 cash per share (the Proposal). The indicative price will be reduced by the value of any dividends or distributions declared or paid by the Company.

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