By Dhirendra Tripathi
Investing.com â Crown Resorts stock (ASX:CWNHB) closed 2% higher in Sydney trading Monday after its board endorsed a $6.3-billion offer from Blackstone (NYSE:BX), paving the way for a new owner at the scandal-hit casino operator.
The private equity giant will pay in cash around $9.3 per share (A$13.10), valuing Crown at nearly $8.9 billion. The price is 11% higher than the initial offer from Blackstone almost a year ago, Crown said in a release.
The deal provides bi...
>>> Read more: Crown Resorts Gains on Accepting $6.3 Billion Blackstone Offer
Investing.com â Crown Resorts stock (ASX:CWNHB) closed 2% higher in Sydney trading Monday after its board endorsed a $6.3-billion offer from Blackstone (NYSE:BX), paving the way for a new owner at the scandal-hit casino operator.
The private equity giant will pay in cash around $9.3 per share (A$13.10), valuing Crown at nearly $8.9 billion. The price is 11% higher than the initial offer from Blackstone almost a year ago, Crown said in a release.
The deal provides bi...
>>> Read more: Crown Resorts Gains on Accepting $6.3 Billion Blackstone Offer
