Crown Resorts Ltd. said talks with Oaktree Capital Management LP over a A$3.1 billion ($2.3 billion) proposal to help Crown buy out major shareholder James Packer ended, closing an exit path for the billionaire.
The Australian casino operator said Monday it’s no longer in discussions with the U.S. investment manager, which had offered to lend Crown funds to buy shares from Packer. Oaktree could have ended up owning about 10% of Crown.
"Exit" - Google News
August 30, 2021 at 08:32AM
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Oaktree Talks With Crown End, Closing Billionaire Packer's Exit - Bloomberg
"Exit" - Google News
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