By Stuart Condie

 

Blackstone Inc.'s US$6.07 billion takeover of Australia's Crown Resorts Ltd. was approved by the country's Federal Court, clearing its final regulatory hurdle.

Crown said Wednesday that it expected to lodge the court's orders with Australia's securities regulator by the end of the day. Its ASX-listed shares will be suspended at Wednesday's close of trade, it added.

The U.S. private-equity giant agreed in February to pay 13.10 Australian dollars (US$9.00) per share in cash for Crown. The stock was last up 0.15% at A$13.07.

 

Write to Stuart Condie at stuart.condie@wsj.com

 

(END) Dow Jones Newswires

June 14, 2022 23:14 ET (03:14 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
Blackstone (NYSE:BX)
Historical Stock Chart
From Jul 2022 to Aug 2022 Click Here for more Blackstone Charts.
Blackstone (NYSE:BX)
Historical Stock Chart
From Aug 2021 to Aug 2022 Click Here for more Blackstone Charts.