(Adds details of deal, background)
Feb 14 (Reuters) - Australia's largest casino operator Crown Resorts Ltd said on Monday it would back a A$8.87 billion ($6.3 billion) binding takeover offer from U.S. private equity firm Blackstone Inc.
Shareholders of Crown, which has faced damaging misconduct inquiries in every state it operates in and has also been hammered by a COVID-19-led drop in visitors, will get A$13.10 a share, a 5.7% premium to the stock's last close.
The news looks set to end a m...
>>> Read more: UPDATE 1-Australia's Crown Resorts backs $6.3 bln Blackstone buyout offer
Feb 14 (Reuters) - Australia's largest casino operator Crown Resorts Ltd said on Monday it would back a A$8.87 billion ($6.3 billion) binding takeover offer from U.S. private equity firm Blackstone Inc.
Shareholders of Crown, which has faced damaging misconduct inquiries in every state it operates in and has also been hammered by a COVID-19-led drop in visitors, will get A$13.10 a share, a 5.7% premium to the stock's last close.
The news looks set to end a m...
>>> Read more: UPDATE 1-Australia's Crown Resorts backs $6.3 bln Blackstone buyout offer
