Crown Resorts receives $6.2bn buyout offer from Blackstone

Crown Resorts Ltd on Monday said it had received a conditional buyout proposal from U.S. private equity giant Blackstone, sending its shares 19% higher. Blackstone’s proposal was A$11.85 per share, a premium of 20.2% to the company’s last closing price, and valuing it at A$8.02 billion ($6.2 billion).

Source: https://asia.nikkei.com/Business/Travel-Leisure/Crown-Resorts-receives-6.2bn-buyout-offer-from-Blackstone