Australia's Crown Resorts gets $7.1 billion takeover approach from Wynn Resorts

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Australia's Crown Resorts gets $7.1 billion takeover approach from Wynn Resorts
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Australia's Crown Resorts said on Tuesday it was in talks with Las Vegas ri...

FILE PHOTO - The logo of Australian casino giant Crown Resorts Ltd adorns the hotel and casino complex in Melbourne, Australia, June 13, 2017. REUTERS/Jason Reed/File Picture

The proposal has an implied value of A$14.75 a share, half in cash and half in Wynn Resorts shares, Crown said in a statement to the Australian Stock Exchange. Wynn is the world’s second-largest casino company.

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