Business
Blackstone wears the Crown in casino mess – The Australian Financial Review
There’d be nothing like a $14 a share private equity bid to end a lot of problems at Crown Resorts.
That wannabe suitor is US giant Blackstone, which swooped on a 9.9 per cent Crown stake at $8.15 a share last April.
Blackstone isnt in the business of owning minority stakes in listed casino groups. Sure, it loves casinos but it loves owning them and fixing them up as a controlling shareholder, away from the listed markets prying eyes.
Blackstones dealmakers its property team for this one have watched every development at Crown very closely. They have been through the 333 and 435-page Bergin reports,…
-
General21 hours agoClean-up underway after stormy weather hits, 400 calls for help in Sydney
-
Noosa News23 hours agoFeral pigs devour 99 out of every 100 lambs on this Central West NSW farm
-
General10 hours agoOsborne Park Football Club suspended for two years after Stephen Hawking costume controversy
-
General12 hours agoMelbourne Cup five quick hits: Melham magic, Blake Shinn falls, and concern over blood from Half Yours’s mouth