CWN crown resorts limited
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Star Casino Lobs A$14bn Takeover Bid For Crown Resorts!

  1. usc75
    7,029 Posts.
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    10/05/21
    07:19
    Post #: 53051910
    Star Casino Lobs A$14bn Takeover Bid For Crown Resorts!

    10th May 2021: That's $14/share!! Current CWN SP = $12.12 on Friday.

    Start Cash Plus Shares In New Entity. Lots-n-Lots of conditions etc e.g.

    "The Star’s NSW casino licence includes a condition that no single shareholder can own more than 10 per cent of its shares..." Note: This will exclude Blackstone going higher than its current 9.99%

    https://www.theage.com.au/business/companies/the-star-proposes-12b-casino-merger-with-james-packer-s-crown-resorts-20210509-p57q9j.html

    Will be announced to ASX today!?
    CWN Price at posting: $12.12 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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