binance left Coinmarketcap net_left adver left
Detail

Crown Resorts says it is likely to back improved $6.5 billion Blackstone buyout offer

By Sameer Manekar and Scott Murdoch (Reuters) -Australian casino firm Crown Resorts Ltd said on Thursday its board was likely to back an improved A$8.87 billion ($6.46 billion)...
Crown Resorts says it is likely to back improved $6.5 billion Blackstone buyout offer © Reuters. FILE PHOTO: The Crown Casino complex is pictured in Melbourne March 19, 2016. REUTERS/Jason Reed/File Photo

By Sameer Manekar and Scott Murdoch

(Reuters) -Australian casino firm Crown Resorts Ltd said on Thursday its board was likely to back an improved A$8.87 billion ($6.46 billion) buyout proposal from Blackstone (NYSE:BX) Inc unless a higher offer emerged.

Crown received the higher non-binding offer of A$13.10 per share, a fourth hike from Blackstone after its previous bid of A$12.50 a share was deemed as not "compelling https://www.reuters.com/business/australias-crown-says-blackstones-62-bln-buyout-offer-not-compelling-2021-12-01/#:~:text=N)%20%246.2%20billion%20buyout%20offer,inquiries%20for%20a%20revised%20proposal".

A source familiar with the matter told Reuters the near 5% price rise agreed after initial due diligence was supported by major investors, including James Packer, who collectively own around 60% of the stock and there were hopes a deal could be signed by the end of January.

Crown shares jumped as much as 9% to A$12.68, their highest level since June 4, but still well below Blackstone's indicative offer.

The revised offer puts Blackstone in the box seat to win control of Crown, which has faced devastating misconduct inquiries https://www.reuters.com/business/australias-crown-branded-disgraceful-gets-two-years-fix-melbourne-casino-2021-10-25 in every state it operates in, plus protracted COVID-19 lockdowns.

Following the latest offer, the casino operator said https://events.miraqle.com/DownloadFile.axd?file=/Report/ComNews/20220113/02475175.pdf it will engage with Blackstone on a non-exclusive basis and give the investment manager the opportunity to finalise due diligence.

Crown said if Blackstone makes a binding offer of at least A$13.10 per share and if there are no superior offers, its board intends to recommend shareholders vote in favour of the proposal.

"It is likely that a deal will get done," said Steve Johnson, chief investment officer at Forager Funds Management, which owns Crown shares.

"The increase in offer price is a welcome step in the right direction and we are supportive of the board continuing a push for an appropriate firm offer for shareholders," he said.

After an inquiry in July last year urged Crown be stripped of its gambling licence for its main Melbourne resort https://www.reuters.com/business/australia-inquiry-urged-strip-crown-resorts-licence-main-casino-2021-07-20, Australia's No. 2 casino operator Star Entertainment Group withdrew https://www.reuters.com/business/australias-star-entertainment-abandons-66-bln-bid-crown-resorts-2021-07-22/#:~:text=July%2023%20(Reuters)%20-%20Australian,licence%2C%20sending%20its%20shares%20lower a A$9 billion buyout proposal.

However, Star has left open the possibility of re-entering the fray. In an emailed response to Reuters on Thursday, it reiterated it "remains open to exploring potential value enhancing opportunities with Crown."

The company's top shareholders, billionaire James Packer with a 37% stake and Blackstone and investment fund Perpetual with more than 9% each, did not respond immediately to requests for comment.

($1 = 1.3729 Australian dollars)

ig right nyse right Neteller adver right
APPROVED BROKERS
rakuten_main right top net_home_top ig_main right top Binance _ main right top fbs_main right top tifia_main right top
16-01-2022 22:26:48 (UTC+7)

EUR/USD

1.1416

+0.0002 (+0.02%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (4)

EUR/USD

1.1416

+0.0002 (+0.02%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (4)

GBP/USD

1.3677

+0.0004 (+0.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

USD/JPY

114.44

+0.24 (+0.21%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

AUD/USD

0.7209

+0.0003 (+0.04%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (4)

USD/CAD

1.2542

-0.0011 (-0.09%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (11)

Sell (0)

EUR/JPY

130.65

+0.29 (+0.23%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (0)

EUR/CHF

1.0443

+0.0014 (+0.13%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (0)

Gold Futures

1,818.00

+1.50 (+0.08%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Silver Futures

22.957

+0.039 (+0.17%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Copper Futures

4.4210

-0.0070 (-0.16%)

Summary

Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (4)

Sell (4)

Crude Oil WTI Futures

83.50

+0.20 (+0.24%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Brent Oil Futures

86.16

+0.10 (+0.12%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Natural Gas Futures

4.336

+0.113 (+2.68%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (8)

US Coffee C Futures

239.65

+2.65 (+1.12%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (3)

Euro Stoxx 50

4,272.19

-43.71 (-1.01%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

S&P 500

4,662.85

+3.82 (+0.08%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (2)

DAX

15,883.24

-148.35 (-0.93%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (1)

FTSE 100

7,542.95

-20.90 (-0.28%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (3)

Hang Seng

24,203.87

-179.45 (-0.74%)

Summary

Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (2)

Sell (3)

US Small Cap 2000

2,161.48

+2.05 (+0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

IBEX 35

8,806.60

-10.30 (-0.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

BASF SE NA O.N.

68.110

+0.360 (+0.53%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (4)

Bayer AG NA

52.59

+1.53 (+3.00%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (9)

Allianz SE VNA O.N.

227.00

-0.40 (-0.18%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Adidas AG

252.35

-3.85 (-1.50%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (1)

Deutsche Lufthansa AG

7.241

-0.043 (-0.59%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Siemens AG Class N

145.86

-5.64 (-3.72%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (3)

Deutsche Bank AG

11.954

-0.246 (-2.02%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

 EUR/USD1.1416Sell
 GBP/USD1.3677↑ Buy
 USD/JPY114.44↑ Buy
 AUD/USD0.7209Sell
 USD/CAD1.2542Neutral
 EUR/JPY130.65↑ Buy
 EUR/CHF1.0443Buy
 Gold1,818.00↑ Buy
 Silver22.957↑ Buy
 Copper4.4210Sell
 Crude Oil WTI83.50↑ Sell
 Brent Oil86.16↑ Sell
 Natural Gas4.336↑ Sell
 US Coffee C239.65↑ Buy
 Euro Stoxx 504,272.19Buy
 S&P 5004,662.85↑ Buy
 DAX15,883.24↑ Buy
 FTSE 1007,542.95Sell
 Hang Seng24,203.87Sell
 Small Cap 20002,161.48↑ Buy
 IBEX 358,806.60↑ Buy
 BASF68.110Sell
 Bayer52.59↑ Sell
 Allianz227.00↑ Sell
 Adidas252.35Buy
 Lufthansa7.241↑ Buy
 Siemens AG145.86Neutral
 Deutsche Bank AG11.954Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,130/ 6,170
(10/ 10) # 1,164
SJC HCM6,115/ 6,175
(15/ 5) # 1,169
SJC Hanoi6,115/ 6,177
(15/ 5) # 1,171
SJC Danang6,115/ 6,177
(15/ 5) # 1,171
SJC Nhatrang6,115/ 6,177
(15/ 5) # 1,171
SJC Cantho6,115/ 6,177
(15/ 5) # 1,171
Cập nhật 16-01-2022 22:27:10
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,818.79+1.080.06%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2400024480
RON 95-II,III2390024370
E5 RON 92-II2291023360
DO 0.05S1838018740
DO 0,001S-V1873019100
Dầu hỏa1719017530
ↂ Giá dầu thô thế giới
WTI$83.48+0.360.43%
Brent$85.62+0.420.49%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.540,0022.850,00
EUR25.234,8826.649,42
GBP30.246,4531.537,99
JPY192,66203,94
KRW16,5020,10
Cập nhật lúc 10:21:51 17/01/2022
Xem bảng tỷ giá hối đoái
binance main right Fxpro Main Right aetos main right adver main right