The Blackstone Group Incorporated takeover offer rebuffed by Crown Resorts Limited

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In Australia and casino operator Crown Resorts Limited has reportedly rejected an improved takeover proposal from American private equity management firm The Blackstone Group Incorporated. According to a report from Inside Asian Gaming, the Melbourne-headquartered company used an official filing (pdf) to declare that the envisioned $6.2 billion tie-up currently did not ‘represent compelling value’ for […]

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