Oaktree and Blackstone in battle for Australia's Crown

By Byron Kaye SYDNEY, April 19 (Reuters) – Oaktree Capital Group has proposed funding a A$3 billion ($2.3 billion) buyback by Australia’s Crown Resorts Ltd of its founder’s stake, setting up a clash with rival Blackstone Group for the troubled casino firm’s future. Private equity giant Oaktree’s offer of a “structured instrument” to help Crown […]

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