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Crown seals takeover deal with Blackstone

Crown Resorts boss Steve McCann is confident Blackstone's takeover of the casino group will not be stymied by Australian regulators after terms for the deal were agreed.

Under the proposal, Blackstone will buy all of the listed shares in Crown for $13.10 cash each, valuing the Melbourne based group at $8.9 billion.

This compares to a closing price of $12.39 on Friday, when it was valued at $8.4 billion.

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