CWN crown resorts limited
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News: CWN Australia's Crown says Blackstone offer undervalues company

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    17/05/21
    09:30
    Post #: 53213144

    May 17 (Reuters) - Australia's Crown Resorts Ltd (CWN) on Monday said U.S. private equity giant Blackstone Group Inc's BX.N takeover offer undervalued the casino operator and would not be in the best interest of its shareholders.

    Crown cited uncertainty around regulatory approval conditions as a reason for rebuffing Blackstone's approach.

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