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
