Crown takeover likely to have triggered notes redemption

09 April 2019

 

For a moment there, Crown Resorts appeared to be headed for a sale to Wynn Resorts, a large US gambling corporation. While takeovers are not normally of interest to YieldReport, such a takeover would have an effect on Crown’s subordinated notes which are currently listed on the ASX. When reports of discussions between the two casino operators came to light, not only did the price of Crown shares jump, the...

read full story