Crown rejects Blackstone offer Save Share Crown Resorts has formally rejected Blackstoneâs takeover offer but is still considering The Starâs merger proposal, effectively ending the bidding war that broke out over the embattled gambling giant last week. The James Packer-backed casino operator told the ASX on Monday morning that the US private equity firmâs revised offer of $12.35, up from the initial offer of $11.85, still âundervaluedâ the company and was ânot in the best interests of shareholders. Stock in the company edged up 0.28 per cent $13.07 in mid-mornin...