Save
Share
US private equity firm Oaktree has increased its offer by $100 million to $3.1 billion to buy âsome or allâ of James Packerâs 37 per cent stake in Crown Resorts in a debt-equity hybrid deal that one analyst dismissed as âunderwhelming.â
Oaktree has offered to buy up to 9.9 per cent of the casino giantâs stock â below the threshold for probity approval from regulators â and loan Crown cash to âselectivelyâ buy out the rest of Mr Packerâs shares, held through his company Consolidated Press Holdings (CPH).
James Packer holds 37 per cent of Crown Resortâs shares. Â
CPHâs stake in Crown was worth $3.05 billion at last close.
Australia s Crown says Oaktree s new $2 4 bln offer could give it 10% stake
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Australia s Crown says Oaktree s new $2 4 billion offer could give it 10% stake
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Top bosses at Australia s Nuix exit amid share price plunge, outlook cuts
channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.