BRIEF-Star Entertainment Receives Non-Binding Funding Proposal From Bally's

Reuters
10 Mar
BRIEF-Star Entertainment Receives Non-Binding Funding Proposal From Bally's

March 10 (Reuters) - Star Entertainment Group SGR.AX:

  • ASX ALERT-UNSOLICITED NON-BINDING FUNDING PROPOSAL FROM BALLY'S-SGR.AX

  • BALLY'S PROPOSES A$250 MILLION CAPITAL RAISE FOR STAR ENTERTAINMENT

  • CONVERTIBLE NOTES TO BE CONVERTIBLE INTO AT LEAST 50.1% OF STAR'S SHARES

  • BOARD OF STAR WILL REVIEW BALLY'S PROPOSAL

Further company coverage: SGR.AX

((Reuters.Briefs@thomsonreuters.com;))

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