{"id":144,"date":"2024-06-16T13:09:05","date_gmt":"2024-06-16T10:09:05","guid":{"rendered":"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/16\/oak-capital-makes-a-play-for-crown-resorts-with-multi-billion-dollar-buyout-proposal\/"},"modified":"2024-06-20T17:15:08","modified_gmt":"2024-06-20T14:15:08","slug":"oak-capital-makes-a-play-for-crown-resorts-with-multi-billion-dollar-buyout-proposal","status":"publish","type":"post","link":"https:\/\/abigcandycasinonodepositbonus.icu\/2024\/06\/16\/oak-capital-makes-a-play-for-crown-resorts-with-multi-billion-dollar-buyout-proposal\/","title":{"rendered":"Oak Capital Makes a Play for Crown Resorts with Multi-Billion Dollar Buyout Proposal"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/HmuZxkyXTxw\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The prominent casino operator, Crown Resorts, has acknowledged receiving a buyout proposition from the investment firm, Oak Capital Management.  A major entity in the American asset management arena, Oak Capital has presented a significant bid, potentially exceeding $2.3 billion USD.  Their objective?  To acquire shares of Crown Resorts presently under the ownership of Consolidated Press Holdings (CPH).<\/p>\n<p>CPH holds a pivotal role in this narrative as the largest stakeholder in Crown, with James Packer at the helm, commanding a substantial 36.8% ownership.  It&#8217;s crucial to recognize that Oak Capital&#8217;s proposal is in its nascent phase, lacking binding commitments and requiring numerous approvals.  Essentially, they are suggesting a repurchase of a portion, or potentially the entirety, of CPH&#8217;s shares in Crown.<\/p>\n<p>In their formal declaration, Crown emphasized that any such agreement would necessitate the endorsement of their shareholders.  Naturally, CPH and their associated entities would be excluded from voting in such a circumstance.  The onus now rests with Crown&#8217;s board, who are currently deliberating on the adequacy of Oak&#8217;s offer and will conduct a thorough assessment.  Therefore, it&#8217;s a period of anticipation as we await the outcome of this potential transaction. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The prominent casino operator, Crown Resorts, has acknowledged receiving a buyout proposition from the investment firm, Oak Capital Management. A major entity in the American asset management arena, Oak Capital has presented a significant bid, potentially exceeding $2.3 billion USD. Their objective? To acquire shares of Crown Resorts presently under the ownership of Consolidated Press [&hellip;]<\/p>\n","protected":false},"author":91,"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 Receives Whopping Buyout Offer from Oak Capital<\/title>\n<meta name=\"description\" content=\"Is Crown Resorts about to be crowned with a new owner? Oak Capital Management has made a massive buyout offer for the casino giant. 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