Report
Chelsey Tam
EUR 100.00 For Business Accounts Only

Melco’s Acquisition of 20% of Crown Will Strengthen its Position in Japan

Melco Resorts will acquire a 19.99% stake in narrow-moat Crown Resorts for AUD 13.00 or USD 9.00 per share and a total value of USD 1.2 billion or 13% of Melco’s existing market cap. The transaction will close on June 6 and on or prior to Sept. 30, 2019 in two equal tranches. Melco is interested in increasing its ownership in Crown and pursuing board representation on Crown’s board after receiving regulatory approval from the relevant regulatory authorities in Australia. We maintain our fair val...
Underlying
Melco Resorts & Entertainment Limited Sponsored ADR

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Chelsey Tam

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