Pat Scala
The price of Crown’s subordinated notes are plunging again as the market expresses fears that majority owner James Packer will pursue a privatisation that will leave their claim in the company in limbo.
On Friday, Crown’s Subordinated Notes II to fell by 4 per cent to $62.00, a 38 per cent discount to the face value they had on listing in…
Read the full article at: http://www.afr.com/business/gambling/james-packers-crown-resorts-privatisation-talk-creates-enticing-hybrid-gamble-20160214-gmtxrg