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Star announces non-binding indicative proposal to merge with Crown
By Casino International on May 11, 2021The Star Entertainment Group has announced it has submitted a conditional, non–binding, indicative proposal to merge with Crown Resorts at a nil–premium share exchange ratio of 2.68 The Star shares per Crown share (Indicative Proposal). Based on recent trading values of The Star and the substantial value that would be unlocked by a merger, The Star estimates its pro forma […]