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0.25% $12.09 crown resorts limited

News: CWN Crown Resorts enters equity swap for its shareholding in Melco Crown Entertainment

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    29/03/17
    09:30
    Post #: 23696055

    March 29 (Reuters) - Crown Resorts Ltd (CWN)

    • Entered into a cash-settled equity swap in respect of its shareholding in Melco Crown Entertainment Limited
    • Cash-settled equity swap referencing 12.0 MLN MCE ADSs
    • Price hedge under swap transaction has been set at US$18.05 per MCE ADS
    • Swap transaction provides price hedge in respect of any future sale of MCE shares equivalent to number of MCE ADSs referenced in swap transaction
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