CWN
Click for more information
0.00% $13.09 crown resorts limited

Packer sells half of his stake in Crown to Melco

  1. pontpont
    1 Posts.
    clock Created with Sketch.
    30/05/19
    20:41
    Post #: 38833647
    News just in from the Australian newspaper:

    James Packer has sold almost half his stake in Crown Resorts in a $1.76 billion share sale to Melco Resorts and Entertainment.

    Melco, which once had a joint venture with the Australian casino company until Crown sold out of the partnership, will take a 19.9% stake in the takeover target.

    I wonder how the share price will respond to this new development...
    CWN Price at posting: $12.92 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

I88 Major fault system and magnetic anomalies discovered at Talus Uranium Prospect
right-arrow Created with Sketch.
1CG One Click Group surpasses $3M in revenue YTD with 40% growth
right-arrow Created with Sketch.
NEWS Capital raisings wrap: Brainchip, Ovanti, Lake and VHM
right-arrow Created with Sketch.
PEC Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil
right-arrow Created with Sketch.
FMG Quarterly & half yearly reports: Drives Newmont up, Ampol flat, while Fortescue plunges 2.6%
right-arrow Created with Sketch.
FHE Frontier Energy lines up $215 million debt financing from Mike Cannon-Brookes-backed Infradebt
right-arrow Created with Sketch.
watchlist Created with Sketch. Add CWN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.