Business
Crown rejects Blackstone offer – The Australian Financial Review
Crown Resorts has formally rejected Blackstone’s takeover offer but is still considering The Star’s merger proposal.
The board also said it believed Blackstone faced significant uncertainty as to the timing and outcome of the regulatory approval processes. Crown said Blackstones revised proposal as currently understood presented an unacceptable level of regulatory uncertainty for Crown shareholders.
The decision comes as Perpetuals head of equities urged Crown to open its data room to kick off the formal sale process on Thursday. Perpetual holds 8 per cent of the company. Mr Packer, who has not made public comments…
-
Noosa News19 hours agoGaming policy on council’s agenda
-
Noosa News22 hours agoRiders in good hands | Noosa Today
-
Business20 hours agoRanking the best “Magnificent Seven” stocks to buy for 2026. Here’s my No. 5 pick.
-
Noosa News23 hours agoInside the big change in homebuyer habits during the Christmas holidays