Dec 2 (Reuters) - Crown Resorts Ltd (CWN) :
- UPDATE ON THE ACQUISITION PROPOSAL FROM BLACKSTONE
- CROWN HAS DISCUSSED PROPOSAL WITH BLACKSTONE
- HAS CAREFULLY CONSIDERED PROPOSAL
- BOARD IS OF VIEW THAT PROPOSAL DOES NOT REPRESENT COMPELLING VALUE FOR CROWN SHAREHOLDERS
- HAS OFFERED BLACKSTONE OPPORTUNITY TO ACCESS NON-PUBLIC INFORMATION TO ALLOW BLACKSTONE TO UNDERTAKE INITIAL DUE DILIGENCE INQUIRIES
- ALLOWED BLACKSTONE TO UNDERTAKE INITIAL DUE DILIGENCE INQUIRIES ON A NON-EXCLUSIVE BASIS
- PROVISION OF SUCH INFORMATION IS CONDITIONAL ON CROWN AND BLACKSTONE ENTERING INTO AN APPROPRIATE CONFIDENTIALITY AGREEMENT
- CROWN SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RELATION TO PROPOSAL AT THIS STAGE
