Page 7 - Gresham Partners News Today : Breaking News, Live Updates & Top Stories | Vimarsana

US private equity giant Blackstone Inc has won its almost year-long pursuit of Crown Resorts Ltd after the troubled Australian casino operator yesterday accepted its A$8.9 billion (US$6.34 billion) takeover offer. Under the offer, Crown shareholders are to receive A$13.10 cash per share. The stock rose 2.8 percent to A$12.74 in early Sydney trading yesterday. A meeting to vote on the offer is expected to be held in the second quarter of the year, Crown said in a statement. The deal ends a sorry chapter in Crown’s history after it was found unsuitable to run its Sydney casino and given two ye...

There’s a strategic review underway at Australian asset financier Maia Financial, including the search for potential new investors to help fuel loanbook growth. 

The former NSW premier fell foul of the commission he created and so knows just how its most recent victim, Gladys Berejiklian, feels.

Crown Resorts has received another acquisition proposal from Blackstone, with the private equity firm upping its offer price to $12.50 per share.

ASX-listed engineering and consulting firm Cardno will sell its two biggest divisions to global professional services group Stantec Inc.