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Australia's Crown Resorts receives buyout bid from Blackstone Group

March 22 (Reuters) - Casino operator Crown Resorts Ltd said on Monday it received a buyout offer from private equity company Blackstone Group Inc.

The offer was priced at A$11.85 per share, a premium of 20.2% to Crown’s closing price of A$9.86 on Friday.

Reporting by Rashmi Ashok in Bengaluru; Editing by Peter Cooney

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