Crown Resorts logo

CWN - Crown Resorts News Story

A$12.12 0.0  0.2%

Last Trade - 7:10am

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £4.60bn
Enterprise Value £5.24bn
Revenue £720.9m
Position in Universe 73rd / 1907

BRIEF-Crown Resorts Receives Oaktree Proposal

Mon 19th April, 2021 1:55am
April 19 (Reuters) - Crown Resorts Ltd  CWN.AX :
    * CROWN RECEIVES PROPOSAL FROM OAKTREE
    * RECEIVED UNSOLICITED, PRELIMINARY, NON-BINDING &
INDICATIVE
PROPOSAL FROM A CO ON BEHALF OF FUNDS MANAGED & ADVISED BY
OAKTREE CAPITAL
    * PROPOSAL TO PROVIDE A FUNDING COMMITMENT OF UP TO A$3.0BN
TO
CROWN
    * BOARD HAS NOT YET FORMED A VIEW ON MERITS OF OAKTREE
PROPOSAL.
    * WILL NOW COMMENCE A PROCESS TO ASSESS OAKTREE PROPOSAL.
    * PROCEEDS TO BE USED BY CROWN TO BUY-BACK SOME OR ALL OF
CROWN
SHARES WHICH ARE HELD BY CONSOLIDATED PRESS HOLDINGS PTY LIMITED

Source text for Eikon:  ID:nASX2cBwXb 
Further company coverage:  CWN.AX 

 ((Reuters.Briefs@thomsonreuters.com;))
© 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.