Feb 14 (Reuters) - Crown Resorts Ltd (CWN) : CROWN ENTERS INTO...

Feb 14 (Reuters) - Crown Resorts Ltd (CWN) :

• CROWN ENTERS INTO IMPLEMENTATION DEED WITH BLACKSTONE
• UNDER TERMS OF SCHEME OF ARRANGEMENT, CROWN SHAREHOLDERS WILL BE ENTITLED TO A$13.10 CASH PER SHARE
• BOARD UNANIMOUSLY RECOMMENDS THAT SHAREHOLDERS VOTE IN FAVOUR OF BLACKSTONE TRANSACTION
• SCHEME MEETING IS EXPECTED TO BE HELD IN Q2 OF CALENDAR YEAR 2022
• SCHEME CONSIDERATION VALUES CROWN'S EQUITY AT APPROXIMATELY A$8.9 BILLION
• UBS AND GRESHAM PARTNERS ARE ACTING AS FINANCIAL ADVISERS AND HERBERT SMITH FREEHILLS AS LEGAL ADVISER TO CROWN