Nov 19 (Reuters) - Blackstone Inc BX.N :
- RECEIVES ACQUISITION PROPOSAL FROM BLACKSTONE
- GOT UNSOLICITED AND NON-BINDING PROPOSAL FROM CO ON BEHALF OF FUNDS MANAGED AND ADVISED BY BLACKSTONE INC.
- DEAL FOR A$12.50 CASH PER SHARE
- PROPOSAL TO ACQUIRE ALL OF SHARES IN CROWN BY WAY OF A SCHEME OF ARRANGEMENT
- HAS NOT YET FORMED A VIEW ON MERITS OF PROPOSAL
- WILL NOW ASSESS PROPOSAL, HAVING REGARD TO VALUE AND TERMS OF PROPOSAL AND OTHER CONSIDERATIONS
- CROWN SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RELATION TO PROPOSAL AT THIS STAGE
- BLACKSTONE HAS INDICATED THAT PROPOSED TRANSACTION WOULD BE FUNDED THROUGH A COMBINATION OF DEBT AND EQUITY
