{"id":101,"date":"2024-06-14T07:57:01","date_gmt":"2024-06-14T04:57:01","guid":{"rendered":"https:\/\/winadaynodepositbonus.icu\/2024\/06\/14\/oak-capital-makes-2-32-billion-bid-for-crown-resorts\/"},"modified":"2024-06-17T13:10:48","modified_gmt":"2024-06-17T10:10:48","slug":"oak-capital-makes-2-32-billion-bid-for-crown-resorts","status":"publish","type":"post","link":"https:\/\/winadaynodepositbonus.icu\/2024\/06\/14\/oak-capital-makes-2-32-billion-bid-for-crown-resorts\/","title":{"rendered":"Oak Capital Makes $2.32 Billion Bid for Crown Resorts"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/yrkAJTnIry8\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Crown Resorts received an acquisition proposal from an investment group representing Oak Capital Management.  The bid, valued at a maximum of $3 billion AUD (equivalent to $2.32 billion USD), aims to acquire the Crown shares presently under the ownership of Consolidated Press Holdings (CPH).  CPH, controlled by tycoon James Packer, stands as Crown&#8217;s most substantial individual stakeholder, possessing a 36.8% ownership interest in the enterprise.<\/p>\n<p>Although in its initial stages and lacking binding commitments, the proposition would entail a targeted repurchase of a portion, or potentially the entirety, of CPH&#8217;s holdings in Crown.  Crown Resorts underscored that any such repurchase would necessitate the endorsement of its shareholders, with the exception of CPH and its associated entities.<\/p>\n<p>The board of directors at Crown has not yet reached a conclusion regarding the merits of the Oak Capital proposal and will be conducting a comprehensive evaluation.  At present, Crown shareholders are advised that no immediate action is required from them, and there is no guarantee that this overture will culminate in a finalized agreement. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crown Resorts received an acquisition proposal from an investment group representing Oak Capital Management. The bid, valued at a maximum of $3 billion AUD (equivalent to $2.32 billion USD), aims to acquire the Crown shares presently under the ownership of Consolidated Press Holdings (CPH). CPH, controlled by tycoon James Packer, stands as Crown&#8217;s most substantial [&hellip;]<\/p>\n","protected":false},"author":53,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crown Resorts Acquisition: Oak Capital Makes $2.32 Billion Bid<\/title>\n<meta name=\"description\" content=\"Oak Capital Management has set its sights on Crown Resorts, offering a whopping $2.32 billion to acquire the Australian casino giant from James Packer\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/winadaynodepositbonus.icu\/2024\/06\/14\/oak-capital-makes-2-32-billion-bid-for-crown-resorts\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oak Capital Makes $2.32 Billion Bid for Crown Resorts\" \/>\n<meta property=\"og:description\" content=\"Oak Capital Management has set its sights on Crown Resorts, offering a whopping $2.32 billion to acquire the Australian casino giant from James Packer\" \/>\n<meta property=\"og:url\" content=\"https:\/\/winadaynodepositbonus.icu\/2024\/06\/14\/oak-capital-makes-2-32-billion-bid-for-crown-resorts\/\" \/>\n<meta property=\"og:site_name\" content=\"Stay in the Know with Our Licensed Casino News &amp; Exciting Games\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-14T04:57:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T10:10:48+00:00\" \/>\n<meta name=\"author\" content=\"Hazel &quot;Harmony&quot; Price\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hazel &quot;Harmony&quot; Price\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/winadaynodepositbonus.icu\/2024\/06\/14\/oak-capital-makes-2-32-billion-bid-for-crown-resorts\/\",\"url\":\"https:\/\/winadaynodepositbonus.icu\/2024\/06\/14\/oak-capital-makes-2-32-billion-bid-for-crown-resorts\/\",\"name\":\"Crown Resorts Acquisition: Oak Capital Makes $2.32 Billion Bid\",\"isPartOf\":{\"@id\":\"https:\/\/winadaynodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-14T04:57:01+00:00\",\"dateModified\":\"2024-06-17T10:10:48+00:00\",\"author\":{\"@id\":\"https:\/\/winadaynodepositbonus.icu\/#\/schema\/person\/3b8b8f817c6feb105c8187573243119b\"},\"description\":\"Oak Capital Management has set its sights on Crown Resorts, offering a whopping $2.32 billion to acquire the Australian casino giant from James Packer\",\"breadcrumb\":{\"@id\":\"https:\/\/winadaynodepositbonus.icu\/2024\/06\/14\/oak-capital-makes-2-32-billion-bid-for-crown-resorts\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/winadaynodepositbonus.icu\/2024\/06\/14\/oak-capital-makes-2-32-billion-bid-for-crown-resorts\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/winadaynodepositbonus.icu\/2024\/06\/14\/oak-capital-makes-2-32-billion-bid-for-crown-resorts\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/winadaynodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oak Capital Makes $2.32 Billion Bid for Crown Resorts\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/winadaynodepositbonus.icu\/#website\",\"url\":\"https:\/\/winadaynodepositbonus.icu\/\",\"name\":\"Stay in the Know with Our Licensed Casino News &amp; Exciting Games\",\"description\":\"Stay ahead of the curve with our fresh casino news, honest game reviews, and expert articles. 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