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- The world’s No. 2 casino operator, Wynn Resorts, ends deal talks with Crown Resorts after Wynn’s $7.1 billion takeover offer is leaked.
- The deal would have been Australia’s biggest M&A transaction this year. The proposal had an implied value of Australian 14.75 dollars per share, half in cash and half in Wynn shares.
- Before news of the deal leaked, Wynn had seen its stock rise more than 46% year to date. After news of the deal termination, the stock fell more than 3%.