Crown Resorts casino melbourne
SYDNEY: Crown Resorts Ltd said talks with Oaktree Capital Management LP over a A$3.1bil (US$2.3bil or RM9.6bil) proposal to help Crown buy out major shareholder James Packer ended, closing an exit path for the billionaire.
The Australian casino operator said yesterday it’s no longer in discussions with the US investment manager, which had offered to lend Crown funds to buy shares from Packer. Oaktree could have ended up owning about 10% of Crown.
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