Reclusive billionaire James Packer is set to lose his embattled Crown
2 years ago
92
Reclusive billionaire James Packer is set to lose his embattled Crown casino empire to a takeover bid from private equity firm Blackstone.Â
Casino giant Crown Resorts said on Thursday it received a revised non-binding proposal worth at least $8.87 billion, that it would recommend to shareholders.
Blackstone increased its previous $12.50 per share offer to $13.10 after a look at the Casino's books during due diligence in December.
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