AFR is reporting that Citi analysts are running the numbers on a potential takeover of SGR by Crown.
Quote from the article:
"Crown Resorts could boost earnings per share by up to 22 per cent by acquiring rival The Star Entertainment Group in an all-cash deal at a 30 per cent premium to its last close. "
Any thoughts on the likelihood of this occurring?
Citi running numbers on potential Crown takeover
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47.8¢ |
Change
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Mkt cap ! $1.369B | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 48.3¢ | 47.5¢ | $795.0K | 1.659M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 716783 | 47.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 589343 | 38 |
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| SGR (ASX) Chart |