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Australia's Star eyes Crown in $7 bln play, vies with private equity


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SYDNEY Australian casino operator Star Entertainment Group on Monday proposed an all-stock buyout of larger rival Crown Resorts Ltd that it valued at A$9 billion ($7 billion), taking on two private equity giants for control of the troubled company.
Three months after Crown was declared unfit for a gambling license at its new Sydney resort tower, Star said the share-swap takeover approach would create “one of the largest and most attractive integrated resort operators in the Asia Pacific region.”
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New South Wales , John Ayoub , Steve Mccann , Yane Svetiev , Daniel Wallis , Shashwat Awasthi , Richard Pullin , Matt Bekier , Byron Kaye , James Packer , Crown Resorts Ltd , University Of Sydney Law School , Oaktree Capital Group , Postmedia Network Inc , Star Entertainment Group On , Blackstone Group , Lendlease Group , Consumer Commission , Star Entertainment Group , Asia Pacific , Wilson Asset Management , Australian Competition , Sydney Law School , Postmedia Network , Street East , புதியது தெற்கு வேல்ஸ் ,

Australia's Star eyes Crown in $7 billion play, vies with private equity


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SYDNEY (Reuters) -Australian casino operator Star Entertainment Group on Monday proposed an all-stock buyout of larger rival Crown Resorts Ltd that it valued at A$9 billion ($7 billion), taking on two private equity giants for control of the troubled company.
Three months after Crown was declared unfit for a gambling licence at its new Sydney resort tower, Star said the share-swap takeover approach would create one of the largest and most attractive integrated resort operators in the Asia Pacific region .
The move presents Crown shareholders with a third option after buyout giant Blackstone Group earlier upped its all-cash indicative bid to A$8.4 billion, while Oaktree Capital Group has proposed to bankroll a A$3 billion buyback of Crown s founder s stake, removing a regulatory concern. ....

New South Wales , John Ayoub , Steve Mccann , Yane Svetiev , Daniel Wallis , Shashwat Awasthi , Richard Pullin , Matt Bekier , Byron Kaye , James Packer , University Of Sydney Law School , Oaktree Capital Group , Blackstone Group , Lendlease Group , Consumer Commission , Asia Pacific , Wilson Asset Management , Australian Competition , Sydney Law School , புதியது தெற்கு வேல்ஸ் , ஜான் அயூப் , ஸ்டீவ் ம்க்க்யாந் , டேனியல் வாலிஸ் , ஷாஷ்வத் அவஸ்தி , பைரன் கே , ஜேம்ஸ் ப்யாகர் ,