The Blackstone Group Incorporated takeover offer rebuffed by Crown Resorts Limited

In Australia and casino operator Crown Resorts Limited has reportedly rejected an improved takeover proposal from American private equity management firm The Blackstone Group Incorporated. According to a report from Inside Asian Gaming, the Melbourne-headquartered company used an official filing (pdf) to declare that the envisioned $6.2 billion tie-up currently did not ‘represent compelling value’ for […]

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