|Bid||12.67 x 0|
|Ask||12.28 x 0|
|Day's Range||11.53 - 11.79|
|52 Week Range||8.47 - 13.32|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb. 16, 2022 - Feb. 21, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar. 19, 2020|
|1y Target Est||11.18|
(Bloomberg) -- U.S. private equity giant Blackstone Inc. moved closer to triumphing in its almost yearlong pursuit of troubled Australian casino operator Crown Resorts Ltd. after sweetening its offer a third time to A$8.9 billion ($6.5 billion).Most Read from BloombergCannabis Compounds Prevented Covid Infection in Laboratory StudyFrequent Boosters Spur Warning on Immune ResponseSay Goodbye to Self-Isolating, WFH Mandates, Mass TestingEurope Slowly Starts to Consider Treating Covid Like the FluJ
SYDNEY (Reuters) -Australia's biggest casino operator, Crown Resorts Ltd, said on Thursday its board was likely to back an improved A$8.87 billion ($6.46 billion) buyout proposal from U.S. private equity firm Blackstone Inc unless a higher offer emerged. Crown received a fourth non-binding offer of A$13.10 a share, having dismissed Blackstone's previous bid of A$12.50 as not "compelling https://www.reuters.com/business/australias-crown-says-blackstones-62-bln-buyout-offer-not-compelling-2021-12-01/#:~:text=N)%20%246.2%20billion%20buyout%20offer,inquiries%20for%20a%20revised%20proposal". The revised offer puts Blackstone in the box seat to win control of Crown, which has faced devastating misconduct inquiries https://www.reuters.com/business/australias-crown-branded-disgraceful-gets-two-years-fix-melbourne-casino-2021-10-25 in every state it operates in, while protracted COVID-19 lockdown measures has caused a drop in visitors.
Crown Resorts Limited ( ASX:CWN ), might not be a large cap stock, but it led the ASX gainers with a relatively large...