Business
ASX 200 climbs, Crown soars, Mineral Resources drops on Monday 22 March 2021
The S&P/ASX 200 Index (ASX: XJO) went up by 0.7% to 6,753 points today.
A takeover offer and the iron ore sector featured in the headlines.
Here are some of the highlights from the ASX today:
The Crown Resorts share price soared today after confirming that it had received a hefty takeover offer from Blackstone.
The ASX 200 casino operator revealed that yesterday it received an unsolicited, non-binding and indicative proposal from a company on behalf of funds managed and advised by The Blackstone Group and its affiliates to buy the whole of the Crown business at a price of $11.85 cash per share. The purchase price would be reduced by any dividends paid.
This indicative price of $11.85 cash per share represented a premium of 19% to…
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