Business
Crown tears up Packer deals on eve of annual shareholder meeting – Sydney Morning Herald
Crown Resorts has torn up two agreements with major shareholder James Packer
The inquiry raised the suggestion of insider trading relating to Crown sending confidential financial forecasts to Mr Packer and CPH executives under the agreements early last year, at a time when they were negotiating to sell a 19.9 per cent stake in Crown for $1.7 billion.
The CPH executives shared the confidential company profit forecasts with the buyer of the shares, Hong Kong group Melco Resorts, the inquiry heard.
Mr Packer’s personal shareholder protocol which was only made public through…
-
General22 hours agoAustralian Diamonds defeat New Zealand Silver Ferns 69-52 in game one of Constellation Cup
-
Noosa News13 hours agoVideo appears to show March for Australia organiser coordinating with Neo-Nazi
-
General23 hours agoA cure worse than the disease • Inside Story
-
Noosa News14 hours agoPolice patrols put brakes on risky beach driving