Another reading of the deed shows that under the definitions of a "change of control event" a privatisation by James Packer or his associated companies or relatives is specifically excluded from being a change of control event so no issue about payment of the redemption amount.
Furthermore the redemption amount when redeeming the notes is specifically stated as being $100 per note plus unpaid interest plus premium interest if after the first call date.
Check it out the Deed is on Etrade's website under Crown news listings
CWN Price at posting:
$11.95 Sentiment: None Disclosure: Held
