Australian Federal Court approves Blackstone’s acquisition of Crown Resorts

The Federal Court of Australia has today approved Blackstone’s AU$8.9bn (US$6.2bn) takeover of Crown Resorts. The operator subsequently lodged an office copy of the orders made by the Federal Court with the Australian Securities and Investments Commission, making the acquisition “legally effective.” The fully paid ordinary shares of Crown Resorts will be suspended from quotation at the close of trading today. “Quotation ...