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Sharpen your pencils - Packer wants a higher price for his Crown shares

Sharpen your pencils - Packer wants a higher price for his Crown shares
brisbanetimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from brisbanetimes.com.au Daily Mail and Mail on Sunday newspapers.

Packer Consolidated Press Holding , Consolidated Press Holding , தொகுக்கப்பட்டு ப்ரெஸ் வைத்திருத்தல் ,

Casino Royale: more fronts open in Crown's battle for survival

Casino Royale: more fronts open in Crownâs battle for survival
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Helen Coonan was preparing for another chaotic week when she received a phone call mid-afternoon on Sunday that would intensify the storm already swirling around casino giant Crown Resorts.
After months of searching, Crownâs executive chairman was ready to announce on Monday she had found a new chief executive to take the reins at the wounded James Packer-backed group: outgoing Lendlease boss Steve McCann.
Crown Resorts chairman Helen Coonan giving evidence to the NSW inquiry last year. ....

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Star offer could be worth $16.45 per Crown share: Macquarie

Star offer could be worth $16.45 per Crown share: Macquarie
Elouise Fowler
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Macquarie says The Starâs proposed merger with Crown Resorts could push the value of the deal to existing Crown shareholders as high as $16.45 per Crown share.
The investment bankâs analysts said the bumper valuation was based on its view that the combined group would be worth $14.50 per Crown share, not including the extra value that could be created by property sales and leasebacks.
They argue the mega-casino groupâs property portfolio could eke out an additional $1.95 per Crown share.
The opening of Crownâs Barangaroo tower in Sydney is likely to push up any future bids. Â ....

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Star's merger plan for Crown faces ACCC hurdle

Starâs merger plan for Crown faces ACCC hurdle
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The Starâs merger proposal with James Packerâs Crown Resorts faces a full investigation by the competition watchdog, which will focus on market concentration in table games and other segments of the gambling market.
The investigation looms as a serious hurdle for Starâs audacious proposal to bring together Australiaâs two biggest casino operators less than a year after Crown was found to be unsuitable to hold a gaming licence by a NSW inquiry.
Crown Resorts released Blackstoneâs new conditional offer in a statement to the market on Tuesday.Â ....

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Crown royal commission: Crown names Lendlease chief Steve Mcann CEO as bidding war flares

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A battle has broken out for Crown Resorts after Star Entertainment Group lobbed a highly conditional plan to create a $12 billion merged gambling giant and Blackstone upped its bid for the embattled group, which has appointed Steve McCann as chief executive officer.
The Star, which owns casinos in Sydney and Queensland, has lobbed a nil premium merger proposal with a string of conditions that would create a combined group valued at $12 billion. The new offer would see Crown shareholders receive Star shares and/or cash for their stock.
New Crown boss Steve McCann has been boss of Lendlease for years. ....

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