Crown Resorts (CWN) $12.64

CWN +2.02%: On its 4^th attempt, Blackstone looks to have gotten over the line on its takeover for Crown at $13.10, having lodged the first offer at $11.65. The deal is still subject to regulatory approval hence the prevailing discount to the bid price however there is a high probability the deal will complete. We have little doubt this will prove to be a good buy for Blackstone as they separate out the operating business and the property portfolio and shrug off the ESG discount being applied in the market.

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Crown Resorts (CWN)

LAST UPDATED 14/02/2022 17:10

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Crown Resorts (CWN)

LAST UPDATED 14/02/2022 17:10