CWN crown resorts limited
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News: CWN Crown Resorts Updates On Acquisition Proposal From Blackstone

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    17/05/21
    12:25
    Post #: 53220398

    May 17 (Reuters) - Crown Resorts Ltd (CWN) :

    • UPDATE ON ACQUISITION PROPOSAL FROM BLACKSTONE
    • UNANIMOUSLY CONCLUDED THAT REVISED PROPOSAL UNDERVALUES CROWN
    • CONCLUDED PROPOSAL IS NOT IN BEST INTERESTS OF CROWN'S SHAREHOLDERS
    • CONDITIONS OF REVISED PROPOSAL AS CURRENTLY UNDERSTOOD PRESENT AN UNACCEPTABLE LEVEL OF REGULATORY UNCERTAINTY
    • MAKING SIGNIFICANT PROGRESS TOWARDS SUITABILITY TO COMMENCE GAMING OPERATIONS AT CROWN SYDNEY
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