Sydney-listed casino operator Crown Resorts has received an AUD$8.0bn acquisition offer from US private equity firm Blackstone Group.
The unsolicited, non-binding and indicative proposal on behalf of funds managed and advised by Blackstone and its affiliates aims to acquire all of the shares in Crown by way of a scheme of arrangement at an indicative price of $11.85 per share in cash.
The offer price represents a premium of 19 per cent on the volume-weighted average price [...]
