April 9, 2019 / 12:33 AM / 17 days ago

Australia's Crown Resorts gets $7.1 billion takeover bid from Wynn Resorts

April 9 (Reuters) - Crown Resorts said on Tuesday it is in talks with Las Vegas-based Wynn Resorts about a A$10 billion ($7.1 billion) cash-and-stock takeover proposal by Wynn for the Australian casino operator.

The proposal has an implied value of A$14.75 a share, half in cash and half in Wynn Resorts shares, Crown said in a statement to the Australian Stock Exchange.

$1 = 1.4033 Australian dollars Reporting by Devika Syamnath in Bengaluru; editing by Richard Pullin

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below