Blackstone's Crown Takeover Edges Closer With License Approvals
2022年6月9日 - 9:58AM
Dow Jones News
By Stuart Condie
Blackstone Inc.'s US$6.3 billion takeover of Australia's Crown
Resorts Ltd. edged closer to approval after regulators in two
Australian states cleared the U.S. private-equity giant to operate
a casino.
Crown on Thursday said that casino regulators in New South Wales
and Victoria states had approved the takeover of ASX-listed Crown
by Blackstone. It said regulatory approval in Western Australia
state was still required.
Blackstone already has real-estate assets in Australia and
gambling businesses in other countries. It first offered to buy
Crown in 2021 for 11.85 Australian dollars (US$8.52) a share and
raised its offer multiple times until Crown accepted a
A$13.10-a-share cash offer in February 2022.
Write to Stuart Condie at stuart.condie@wsj.com
(END) Dow Jones Newswires
June 08, 2022 20:43 ET (00:43 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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