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Australia's Crown says Blackstone offer undervalues company

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Published Mon, May 17, 2021 · 12:38 AM

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    [BENGALURU] Australia's Crown Resorts on Monday said US private equity giant Blackstone Group Inc's takeover offer undervalued the casino operator and would not be in the best interest of its shareholders.

    Crown cited uncertainty around regulatory approval conditions as a reason for rebuffing Blackstone's approach.

    AFP

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