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Crown Resorts Limited (CWN.AX)

ASX - ASX Delayed Price. Currency in AUD
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11.51+1.61 (+16.26%)
At close: 11:15AM AEDT
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  • Bloomberg

    Blackstone Increases Bid for Embattled Crown to $6.2 Billion

    (Bloomberg) -- Blackstone Group Inc. has increased its offer for Crown Resorts Ltd. to A$8.5 billion ($6.2 billion), betting it can rehabilitate the embattled casino owner which has been left reeling from a series of scandals that placed its future in doubt. Most Read from BloombergA Denser City, But at What Cost?An Oil Company Went Up in Flames, Burning Lenders and the PlanetStartup Fever Is Gripping the World’s Last Big Untapped NationNew York City Is Building a Wall of Oysters to Fend Off Flo

  • Reuters

    UPDATE 2-Blackstone makes sweetened $6.2 bln play for Australia's Crown

    Investment giant Blackstone Group Inc made a $6.2 billion approach for troubled Australian casino firm Crown Resorts Ltd, sweetening an earlier offer as its main rival bidder is beset by regulatory problems. The A$12.50-a-share proposal, disclosed by Crown on Friday, is the third from Blackstone and pushed Crown's shares 16% higher. The stock was still below Blackstone's indicative price, suggesting a degree of doubt that a deal will eventuate.

  • MarketWatch

    Blackstone sweetens its takeover bid for Crown Resorts

    Crown Resorts Ltd. said U.S. private-equity firm Blackstone Group Inc. sweetened its takeover offer for the Australian casino operator.

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