Crown Resorts Rejects Blackstone Takeover Offer
17 May 2021 - 9:57AM
Dow Jones News
By Mike Cherney
SYDNEY--Australian casino operator Crown Resorts Ltd. rejected a
takeover offer from U.S. private-equity firm Blackstone Group Inc.,
saying the proposal undervalued the company and presented too much
regulatory uncertainty.
Separately, Crown said it had asked rival Star Entertainment
Group Ltd. for more information on Star's proposal for merge with
Crown.
Write to Mike Cherney at mike.cherney@wsj.com
(END) Dow Jones Newswires
May 16, 2021 19:42 ET (23:42 GMT)
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