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CWN - Crown Resorts News Story

A$13.04 0.3  2.3%

Last Trade - 14/05/21

Consumer Cyclicals
Large Cap
Market Cap £4.86bn
Enterprise Value £5.48bn
Revenue £707.8m
Position in Universe 65th / 1913

Australia's Crown Resorts offered $2.3 bln by Oaktree to buy James Packer's stake

Mon 19th April, 2021 12:14am
April 19 (Reuters) - Australia's Crown Resorts Ltd  CWN.AX 
said on Monday it received a A$3 billion ($2.32 billion) funding
commitment from Oaktree Capital to use to buy James Packer's 37%
stake in the casino operator.
    Crown, which is fielding a takeover offer from Blackstone
Group Inc  BX.N , said it was assessing Oaktree's proposal. 

($1 = 1.2952 Australian dollars)

 (Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by
Christopher Cushing)
 ((; Twitter:
@NikhilKurianN; +91 806 182 2724;))
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