Company News Summary
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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