CWN News: Crown Resorts Agrees to A$8.9 Billion Takeover by Blackstone - 14th Feb 2022, 10:13am

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SYDNEY--Australian casino operator Crown Resorts Ltd. said Monday it has agreed to a takeover proposal from U.S. investment firm Blackstone Inc. that values the company's equity at 8.9 billion Australian dollars (US$6.3 billion). Under the terms of the deal, shareholders will receive A$13.10 cash per share. The takeover is subject to various conditions and approvals, including a shareholder vote which is expected in the second quarter of calendar year 2022.

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