CWN crown resorts limited

News: CWN Star Entertainment Withdraws Non-Binding Proposal To Merge With Crown

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    July 23 (Reuters) - Star Entertainment Group Ltd (SGR) :

    • WITHDRAWS NON-BINDING PROPOSAL TO MERGE WITH CROWN
    • INFORMED CROWN RESORTS IT HAS WITHDRAWN ITS CONDITIONAL, NON-BINDING, INDICATIVE PROPOSAL
    • REMAINS OPEN TO EXPLORING POTENTIAL VALUE ENHANCING OPPORTUNITIES WITH CROWN
    • WILL CONTINUE TO CLOSELY MONITOR VICTORIAN ROYAL COMMISSION AND PERTH CASINO ROYAL COMMISSION
    • TO DATE, STAR HAS HAD LIMITED ENGAGEMENT WITH CROWN ON ITS PROPOSAL
    • UNABLE TO CONTINUE AT PRESENT TIME WITH ITS PROPOSAL IN FORM AS ANNOUNCED ON 10 MAY
    • ISSUES RAISED AT VICTORIA'S ROYAL COMMISSION INTO CROWN MELBOURNE HAVE POTENTIAL TO MATERIALLY IMPACT VALUE OF CROWN
 
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