Business
‘You’d love to see it happen’: Push for Crown rival Star to join Blackstone bid – Sydney Morning Herald
One of Star Entertainment’s top shareholders says the casino group should jump on board investment giant Blackstone’s $8 billion bid for its troubled rival Crown…
This provides Star with a significant value-creation opportunity without having to independently bid for Crown, he said.
Mr Carducci added that the probity approval, which is expected to take at least a year for Blackstone, could also be completed quicker with Star as the operator, given it is already cleared to operate in NSW and Queensland.
One shareholder, who asked not to be named so they could speak freely, said Star could not afford the $8 billion-plus needed to buy its rival outright, and…
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