Blackstone's Crown Resorts Takeover Approved by Australian Court
June 14 2022 - 11:29PM
Dow Jones News
By Stuart Condie
Blackstone Inc.'s US$6.07 billion takeover of Australia's Crown
Resorts Ltd. was approved by the country's Federal Court, clearing
its final regulatory hurdle.
Crown said Wednesday that it expected to lodge the court's
orders with Australia's securities regulator by the end of the day.
Its ASX-listed shares will be suspended at Wednesday's close of
trade, it added.
The U.S. private-equity giant agreed in February to pay 13.10
Australian dollars (US$9.00) per share in cash for Crown. The stock
was last up 0.15% at A$13.07.
Write to Stuart Condie at stuart.condie@wsj.com
(END) Dow Jones Newswires
June 14, 2022 23:14 ET (03:14 GMT)
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