Shareholders of Australian casino operator Crown Resorts Ltd approved a $6.3 billion buyout by U.S. private equity giant Blackstone Inc (BX.N) on Friday, with 99.91% of the votes cast at its scheme meeting in favour of the deal.
Last month, Crown Resorts had postponed its scheme meeting, saying that Blackstone had made good progress in obtaining the gaming regulatory approvals, but have not yet obtained the necessary approvals.
Shareholders of Australian casino operator Crown Resorts Ltd approved a $6.3 billion buyout by U.S. private equity giant Blackstone Inc on Friday, with 99.91% of the votes cast at its scheme meeting in favour of the deal.
Last month, Crown Resorts had postponed its scheme meeting, saying that Blackstone had made good progress in obtaining the gaming regulatory approvals, but have not yet obtained the necessary approvals.
Packer, Crown’s biggest shareholder and founder, will cash in his chips, worth about A$3.3 billion ($2.32 billion), a decade and a half after he created the company.
Source: Reuters.com