Australia’s Crown Resorts backs $6.3 billion Blackstone buyout offer

FILE PHOTO: The logo of Australian casino giant Crown Resorts Ltd adorns the hotel and casino complex in Melbourne, Australia
FILE PHOTO: The logo of Australian casino giant Crown Resorts Ltd adorns the hotel and casino complex in Melbourne, Australia, June 13, 2017. REUTERS/Jason Reed/File Photo

February 13, 2022

(Reuters) – Australia’s largest casino operator Crown Resorts Ltd said on Monday it would back a A$8.87 billion ($6.32 billion) binding takeover offer from U.S. private equity firm Blackstone Inc.

($1 = 1.4025 Australian dollars)

(Reporting by Shashwat Awasthi; editing by Grant McCool)

View original article here Source