Business
Crown would buy back Packer shares under proposed Oaktree deal – Sydney Morning Herald
Billionaire casino mogul James Packer would sell his 37 per cent stake in Crown Resorts back to the group under a $3 billion proposed deal funded by private equity…
Billionaire casino mogul James Packer would sell his 37 per cent stake in Crown Resorts back to the group under a $3 billion proposed deal funded by private equity giant Oaktree Capital Management.
The ASX-listed Crown said in a statement on Monday morning that it received the proposal from Oaktree, which would be providing the $3 billion funding via a structured instrument with the proceeds to be used by Crown to buy back some or all of the Crown shares held by Mr Packers private company Consolidated…
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