Blackstone wears the Crown in casino mess
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Thereâd be nothing like a $14 a share private equity bid to end a lot of problems at Crown Resorts.
The $2.2 billion Crown Sydney tower.Â
Louie Douvis
Helen Coonan wouldnât need to find a CEO and a cohort of steely-eyed directors.
Minority investors wouldnât have to worry about spending the next few years in an abyss, while the company works through regulatory issues and rebuilds.
And major shareholder James Packer could deal his stake sideways into a private bid vehicle, sell down or do whatever else he feels like.