despite buying the chain just before the global financial crisis struck. It also cleaned up with The Cosmopolitan in Las Vegas. Given the state of affairs at Crown, delivering a chunky return for investors would further burnish its credentials.
walked away from its A$14.75 cash and shares offer in April of that year. With all that in mind, it’s time for Crown to drop the poker face.- Australian casino operator Crown Resorts said on Nov. 19 it had received a sweetened takeover proposal from private equity firm Blackstone at A$12.50 a share, a 26% premium to the last closing price, which values the company at about A$8.5 billion . Blackstone offered A$12.35 a share on May 10 and A$11.85 a share on March 22.
- Crown said its board would assess the merits of the unsolicited offer and advised shareholders they needn’t take any action for now.
Breakingviews KatrinaHamlin Blackstone own the most shares in the top pharmaceutical 'death labs' . Also most of the world's top companies. Who is Blackstone?
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