Business
Crown tears up Packer deals on eve of annual shareholder meeting – Sydney Morning Herald
Crown Resorts has torn up two agreements with major shareholder James Packer
The inquiry raised the suggestion of insider trading relating to Crown sending confidential financial forecasts to Mr Packer and CPH executives under the agreements early last year, at a time when they were negotiating to sell a 19.9 per cent stake in Crown for $1.7 billion.
The CPH executives shared the confidential company profit forecasts with the buyer of the shares, Hong Kong group Melco Resorts, the inquiry heard.
Mr Packer’s personal shareholder protocol which was only made public through…
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