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LoginBloomberg Monday news,Blackstone Group plans to sell at 11 per share.A$85 cash acquisition of shares in gaming operator Crown Resorts Hotels Group,The total valuation is approximately 80.AUD 200 million (approximately US$6.2 billion)。current,Crown is facing the impact of Australian regulators。
Monday,Crown representation,Company is evaluating Blackstone’s acquisition proposal,The share price closed up in Sydney that day and expanded to 21.4%,Report 11.AU$97,Higher 188bet app download than Blackstone’s acquisition offer。
For James Packer, the largest shareholder holding 36% of Crown shares,Blackstone’s acquisition plan may be after he failed to find an acquirer at least twice,New opportunity to exit Crown。
Before Blackstone proposed the acquisition,Crown’s share price has almost halved from its high of $18 in early 2014。Crown has suffered a blow in recent years,Including the strengthening of legal supervision、Acquisition of miscarriage and COVID-19。
Last month,NSW investigation says,Crown for at least 5 years before 2019,Through bank accounts linked to its Perth and Melbourne casinos "Facilitate and assist "Money laundering。Therefore,Regulator decides Crown is unfit to continue to hold its Sydney casino license。At the same time,Crown also faces a regulatory inquiry into its suitability to operate Melbourne and Perth casinos。
If Crown’s corporate restructuring plan appeases regulators,Blackstone’s gains are 188bet Online Sports Betting and Casino obvious: monopolizing casinos in two major Australian cities,And owns a $2.2 billion resort on Sydney’s waterfront。But,The risk of Blackstone is,Acquired company faces regulatory restrictions。Even if Blackstone becomes Crown’s “new owner”,The takeover may also be from a company that has been "temporarily banned" from operating its three Australian casinos。
"This is a significant risk to consider",And “corporate restructuring may take several years”,Senior Lecturer in Accounting at Monash Business School, Melbourne、Xiao Xinning, who specializes in corporate governance。
Last year,Blackstone at 8 per share.Acquired its current Crown shares from Melco for A$15。
188bet sports betting app download 文来Source: Tonghuashun Finance, original title:《Blackstone plans to acquire gaming operator Crown for US$6.2 billion, with the latter’s stock price rising 21%》。
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