{"id":41,"date":"2024-06-12T03:58:33","date_gmt":"2024-06-12T00:58:33","guid":{"rendered":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/12\/blackstone-sweetens-bid-for-crown-resorts\/"},"modified":"2024-06-13T12:15:57","modified_gmt":"2024-06-13T09:15:57","slug":"blackstone-sweetens-bid-for-crown-resorts","status":"publish","type":"post","link":"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/12\/blackstone-sweetens-bid-for-crown-resorts\/","title":{"rendered":"Blackstone Sweetens Bid for Crown Resorts"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/yqaZmPsfXvg\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Blackstone has raised its proposal to purchase Crown Resorts, making the agreement more appealing for the Australian gaming company. Crown disclosed that the American private equity group, which currently possesses a 10% ownership, has enhanced its bid to $13.10 per share. This constitutes an increase from the prior proposition of $12.50 per share presented in November 2021, and appraises the entire transaction at a substantial $8.9 billion.<\/p>\n<p>Crown&#8217;s directors, following consultations with financial and legal experts, deem that participating in further negotiations with Blackstone is the most advantageous course of action for its investors. Nevertheless, they are awaiting a firm commitment of at least the present $13.10 per share. Should Blackstone formalize this offer and agreeable conditions are established, the board will advise shareholders to endorse the agreement \u2013 unless a more favorable proposition materializes. Naturally, this is all subject to an independent specialist&#8217;s evaluation confirming that the arrangement serves the best interests of Crown&#8217;s shareholders. <\/p>\n<p>The updated proposition Crown Resorts obtained in November carries identical stipulations as the initial.  The bidding private equity group, Blackstone, must finalize due diligence, acquire full backing from Crown&#8217;s directors, and attain regulatory consent in Victoria, New South Wales, and Western Australia, the locations of Crown&#8217;s casino operations.<\/p>\n<p>While recognizing the proposition, Crown refrained from endorsing it. The corporation indicated there&#8217;s no certainty the deliberations will yield an agreement or a shareholder-acceptable offer.  Nevertheless, Crown stressed its dedication to optimizing shareholder worth and vowed to thoroughly evaluate any proposal consistent with this aim. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blackstone has raised its proposal to purchase Crown Resorts, making the agreement more appealing for the Australian gaming company. Crown disclosed that the American private equity group, which currently possesses a 10% ownership, has enhanced its bid to $13.10 per share. This constitutes an increase from the prior proposition of $12.50 per share presented in [&hellip;]<\/p>\n","protected":false},"author":99,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Blackstone Ups the Ante: Will Crown Resorts Bite on the New Offer?<\/title>\n<meta name=\"description\" content=\"Blackstone has sweetened its bid to acquire Crown Resorts, offering a tempting $13.10 per share. Will the Australian gaming giant succumb to this enhanced proposal? Dive in for the details of this high-stakes takeover battle.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ozwincasinonodepositbonus.icu\/2024\/06\/12\/blackstone-sweetens-bid-for-crown-resorts\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackstone Sweetens Bid for Crown Resorts\" \/>\n<meta property=\"og:description\" content=\"Blackstone has sweetened its bid to acquire Crown Resorts, offering a tempting $13.10 per share. Will the Australian gaming giant succumb to this enhanced proposal? 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