Australia’s Crown Resorts is continuing to engage with The Star Entertainment Group regarding a potential merger of the casino businesses after rejecting an indicative takeover offer by The Blackstone Group.
Crown Resorts said Monday that Blackstone’s revised indicative cash offer of AUD$12.35 per share, up from its original proposal of $11.85 per share, undervalues the company by failing to recognise the strategic and monetary value of Crown’s assets.
Crown also cited its significant investment in Crown [...]
