CWN crown resorts limited
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News: CWN Melco Resorts to buy 20% stake in Australia's Crown Resorts for $1.22 bln

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    30/05/19
    20:55
    Post #: 38833885

    May 30 (Reuters) - Melco Resorts & Entertainment Ltd MLCO.O said on Thursday it would buy a 19.99% stake in Australia's Crown Resorts Ltd (CWN) for A$1.76 billion ($1.22 billion).

    Melco's offer represents a marginal premium of 0.6% to Crown's last closing price of A$12.92.

    ($1 = 1.4436 Australian dollars)

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