Crown Resorts takeover bid: Wynn makes play for James Packer's casino group

Crown in talks after receiving a $10bn cash-and-scrip takeover proposal by Las Vegas gambling giant

Crown Resorts has confirmed it is in talks with Wynn Resorts after receiving a $10bn cash-and-scrip takeover proposal by the Las Vegas gambling giant.

The James Packer-controlled casino operator said on Tuesday that Wynn’s proposal had an implied value of $14.75 per share.

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from The Guardian http://bit.ly/2YYGiIM
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