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Australia's Crown says Blackstone's $6.2 billion buyout offer not 'compelling'

(Reuters) – Australian casino firm Crown Resorts Ltd said on Thursday investment giant Blackstone Group (NYSE:BX) Inc’s $6.2 billion buyout offer did not represent “compelling value” for its shareholders.

Crown, however, added it offered Blackstone access to non-public information to allow it to undertake initial due diligence inquiries for a revised proposal.

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