Sydney-listed casino operator Crown Resorts has agreed a sale to investment firm Blackstone at a price of AUD$13.10 per share.
The proposed Scheme of Arrangement is subject to shareholder and regulatory approvals and values Crown at approximately AUD$8.9bn.
The $13.10 per share sale price represents a 32 per cent premium on the closing price of Crown shares on 18 November 2021, the last trading before Blackstone’s bid of $12.50 per share.
The investment firm’s earlier proposals at $11.85 [...]
