Crown Resorts shares tumble after Wynn Resorts backs out of deal

Business | 10 Apr 2019 2:57 pm

Shares in Australia's Crown Resorts casino group dived by nearly 10 percent today after American group Wynn Resorts pulled out of a takeover offer. Shares slumped to A$12.55 in early Sydney trading today, compared with A$14.05 at the close on Tuesday.

Wynn Resorts said it ended all discussions with Crown Resorts of a share and cash buyout, of about US$7.1 billion.

 

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