Crown Resorts Rejects Blackstone's Takeover Offer, But Asks More Information On Star's Proposal

(RTTNews) - Crown Resorts Limited (CWN.AX) rejected a revised takeover offer of A$12.35 per share from U.S. private-equity firm Blackstone Group Inc., saying that the proposal undervalued the company and wouldn't be in shareholders' best interests. Crown board believes there is significant uncertainty as to the timing and outcome of...