CWN crown resorts limited
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News: CWN Australia's Crown Resorts gets $7.1 billion takeover bid from Wynn Resorts

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    09/04/19
    10:35
    Post #: 38056345

    April 9 (Reuters) - Crown Resorts (CWN) said on Tuesday it is in talks with Las Vegas-based Wynn Resorts WYNN.O about a A$10 billion ($7.1 billion) cash-and-stock takeover proposal by Wynn for the Australian casino operator.

    The proposal has an implied value of A$14.75 a share, half in cash and half in Wynn Resorts shares, Crown said in a statement to the Australian Stock Exchange.

    ($1 = 1.4033 Australian dollars)

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