Blackstone Deposite new proposal for Crown Resorts Per acquire all its actions With a non -binding proposal assesses the company 8.46 billion Australian dollars. Blackstone, in this proposal, offered well 12.5 Australian dollars per action, and in cash.
With this offer Blackstone, that already has a share of 9.99% of Crown, tries to grab the remaining actions after already 2 offers were rejected.
But let's see this Blackstone proposal in more detail.
Blackstone Deposite new proposal for Crown: the details
Blackstone deposite new proposal for Crown Resorts which sees the company offer $ $ $ Australian in cash. Offer that comes after Ben 2 already rejected by Crown, of which the last was for $ 12.35 Australian per action.
This offer is however linked to different conditionsnull One is, for example, the conduction by Blackstone of the due diligence su Crown Resorts. Another is that Blackstone receives an approval of his investment committees.
Blackstone also made a proposal for a Implementation agreement aimed at establishing terms and conditions, such as the APPROVATIONS necessary by the courts and entities play regulators.
These conditions, then, also concern i problems at the level of rules that Crown is having both in victoria that in New South Wales, and had already been exhibited in the first offer made by Blackstone. In the event that Crown does not solve the problems, Blacksone has every right to Cancel the offer.
Crown's problems in Victoria and New South Wales
Blackstone deposite new proposal for Crown Resorts who, as we said, must undergo conditions. This conditions They include the resolution of society's problems in New South Wales and Victoria.
These problems concern the licenses, since Crown was recently deemed unsuitable to operate in the two statesnull Licenses that, at the moment, have not been withdrawn, but have not even been confirmed for the future.
All this is due to the fact that Crown Resorts was found to recycle money and to operate in a non -ethical way and not compliant with the rules in the 2 states.
Crown's opinions on Blackstone's new proposal
il Board of Directors by Crown on the new Blackstone proposal He hasn't said anything yet in addition to the fact that he will evaluate the offer.
At this moment, moreover, shareholders do not need to do anything. Even because There is no certainty that the proposal ends up in a transaction effective.