Jan 13 (Reuters) - Crown Resorts Ltd (CWN) :
- REVISED BLACKSTONE ACQUISITION PROPOSAL
- BLACKSTONE HAS MADE REVISED PROPOSAL AFTER CONSIDERING NON-PUBLIC INFORMATION PROVIDED BY CROWN DURING INITIAL DUE DILIGENCE.
- GOT A REVISED NON-BINDING PROPOSAL FROM A COMPANY ON BEHALF OF FUNDS MANAGED AND ADVISED BY BLACKSTONE INC. AND ITS AFFILIATES
- BOARD CONSIDERS THAT IT IS IN INTERESTS OF CROWN'S SHAREHOLDERS TO ENGAGE FURTHER WITH BLACKSTONE ON A NON-EXCLUSIVE BASIS FOR PROPOSAL
- HAS DECIDED TO PROVIDE BLACKSTONE WITH OPPORTUNITY TO FINALISE ITS DUE DILIGENCE INQUIRIES
- PROPOSAL TO ACQUIRE ALL OF SHARES IN CROWN BY WAY OF A SCHEME OF ARRANGEMENT AT A PRICE OF A$13.10 CASH PER SHARE
- REVISED PROPOSAL AT A PRICE OF A$13.10 CASH PER SHARE
- TO PROVIDE BLACKSTONE OPPORTUNITY TO NEGOTIATE TERMS OF IMPLEMENTATION AGREEMENT SO THAT BLACKSTONE CAN PUT FORWARD BINDING OFFER