From the announcement:"The proposal contemplates an acquisition...

From the announcement:

"The proposal contemplates an acquisition of Crown by Wynn via scheme of arrangement for a combination of cash and Wynn shares.

The proposal currently contemplates acquisition consideration (50% cash and 50% Wynn shares) with an implied value of A$14.75 per share with the exchange ratio being fixed, using a volume weighted average price for Wynn shares, immediately prior to the announcement of an agreed transaction.At the date of the proposal,the volume weighted average price of Wynn shares implied an exchange ratio of 0.042 Wynn shares per Crown share.The terms of the consideration are yet to be agreed."