May 16, 2021
Crown Resorts Rejects Blackstone Takeover Bid as Too Low
Bloomberg News
,(Bloomberg) -- Crown Resorts Ltd. rejected a takeover offer from Blackstone Group Inc., saying the bid was too low and there was uncertainty about the timing of any deal.
Directors unanimously decided the offer from the U.S. buyout firm undervalued Crown, the Australian casino operator said in a statement Monday.
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