CWN crown resorts limited
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News just in from the Australian newspaper:James Packer has sold...

  1. pontpont
    1 Posts.
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    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
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