Crown Resorts shareholders approve Blackstone acquisition offer

Crown Resorts has taken a step closer to being acquired by Blackstone and its affiliates, following a shareholder vote that received near-unanimous approval.  The proposed acquisition, which is led by SS Silver II Pty, a registered subsidiary of Blackstone, was initially put forward in March 2021. This valued Crown Resorts at AU$8.1bn (US$5.7bn), despite its seemingly never-ending regulatory struggles. This offer was later revised in both ...