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The Blackstone Group Incorporated floats Crown Resorts Limited takeover proposal

American private equity management firm The Blackstone Group Incorporated has reportedly lodged a $6.2 billion offer that could see it take over Australian casino operator Crown Resorts Limited.

According to a Sunday report from the Reuters news service, the proposition from the New York-headquartered enterprise comes with an indicative share price of around $9.18, which is roughly about the same rate as was available a year ago before the operator became the subject of coronavirus-related closures and a trio of state-led suitability investigations.

Increasing involvement:

The world’s largest private equity firm, The Blackstone Group Incorporated already reportedly holds a 9.99% stake in Crown Resorts Limited after b…