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James Packer has said he is open to selling his Crown stake in Blackstone after Consolidated Press Holdings seeks Moelis advice
The pandemic has completely changed our lives, but these counties have managed to keep their top spots.
Crown Resorts' shares rise more than 20 percent after US-based private equity firm Blackstone Capital made an unsolicited offer for the troubled casino giant.
Crown Resorts received a takeover offer from US investment manager Blackstone just a few weeks after it was refused a license to operate a billion-dollar Sydney casino, the Australian gaming group announced on Monday.
The ASX 200 gained 0.5% after a weak start. CSL, Woolies and Afterpay were strong ahead, while NAB and ANZ also gained. Crown Resorts' shares rose 18.8% when Blackstone announced the $ 8 billion tender offer.
The ASX 200 fell 0.3% in the Open before moving forward. The big miners were lower, as were CBA, Westpac, and the real estate sector. Crown Resorts' shares rose 18.8% when Blackstone announced the $ 8 billion tender offer.
The Australian stock market struggles for direction in early trading as Crown stocks rise on a takeover bid and gambling stocks run higher.
The offering was priced at A $ 11.85 per share. Read more at straitstimes.com.
Related Title : - Crown Resorts Receives US $ 8 Billion Acquisition Offer From Private Equity Giant Blackstone - Crown Resorts Receives 8 Billion USD Blackstone Tender Offer ...
Casino operator Crown Resorts Ltd announced Monday that it had received a takeover bid from private equity firm Blackstone Group Inc that would ...