Publications

Oaktree increases buyback proposal for Crown Resorts
Transactions - JUNE 15, 2021

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Oaktree increases buyback proposal for Crown Resorts

by Andrea Zander

Australia’s Crown Resorts has received a modified proposal from Oaktree Capital Group with a provision for funding of $2.4 billion for the casino operator to buy back its founder’s stake.

The board has not yet formed a view of the proposal, Crown said.

Last month, Crown rejected an improved takeover offer from U.S. private-equity firm Blackstone Group.

Forgot your username or password?