The Star Entertainment Group Limited (EE9.F)
- Bloomberg
Star Stock Falls Amid Confusion Over Hard Rock Takeover Proposal
(Bloomberg) -- Star Entertainment Group Ltd. shares fell amid confusion over the validity of a takeover proposal that it said came from a group backed by Hard Rock Hotels & Resorts (Pacific).Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe TurbulenceASML and TSMC Can Disable Chip Machines If China Invades TaiwanHims Debuts $199 Weight-Loss Shots at 85% Discount to WegovyJamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’Iran State TV Says ‘No Sign of Life’ at He
- Bloomberg
Star Surges as Hard Rock Approach Signals Potential Bidding War
(Bloomberg) -- Shares in Star Entertainment Group Ltd. jumped after approaches from suitors including a Hard Rock Hotels & Resorts consortium triggered expectations of a bidding war for the troubled Australian casino operator. Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteSpeedier Wall Street Trades Are Putting Global Finance On EdgeSaudi Crown Prince Postpones Japan Trip Over King’s HealthEbrahim Raisi, Iranian President Confronting West, Dies at 63One of
- Reuters
Star Entertainment says Hard Rock-led group weighs bid; shares surge
(Reuters) -Star Entertainment said on Monday a consortium that hosts a local partner of Florida-based Hard Rock Hotels & Casinos is considering a bid for the cash-strapped Australian firm, sending its shares 20% higher. A potential takeover by entertainment giant Hard Rock would provide a much-needed financial lifeline to Star, which has been plagued by a regulatory inquiry into its flagship Sydney casino operation and an executive exodus. Star, which had a market value of A$1.29 billion ($863.66 million) as of Monday's close, said it has been approached by a consortium of investors which includes Hard Rock Hotels & Resorts (Pacific).
