Crown Resorts logo

CWN - Crown Resorts News Story

A$13.04 0.3  2.3%

Last Trade - 14/05/21

Sector
Consumer Cyclicals
Size
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)
 ((NikhilKurian.Nainan@thomsonreuters.com; Twitter:
@NikhilKurianN; +91 806 182 2724;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.