FILE PHOTO: The Crown Casino complex is pictured in Melbourne March 19, 2016. REUTERS/Jason Reed
December 1, 2021
(Reuters) – Australian casino firm Crown Resorts Ltd said on Thursday investment giant Blackstone Group Inc’s $6.2 billion buyout offer did not represent “compelling value” for its shareholders.
Crown, however, added it offered Blackstone access to non-public information to allow it to undertake initial due diligence inquiries for a revised proposal.
(Reporting by Indranil Sarkar in Bengaluru; Editing by Krishna Chandra Eluri)
Source: One America News Network
