To coincide with the launch, Endeavour CEO Steve Donohue will also start meeting funds. Should it hit the ASX boards as planned, Endeavour is likely to be worth about $10.5 billion on a market capitalisation basis.
As we revealed on Sunday, the new proposal, sent to Crown’s board over the weekend, saw Blackstone drop a handful of conditions and commit to be ready to acquire Crown in the third quarter of this year.
The buyout firm also increased its offer to north of $12 a share. Its former $11.85 a share indicative bid valued Crown at about $9 billion including debt.
Woolworths’ hotels and bottle shops spin-off, Endeavour Drinks, will make its first pitch to fund managers this week in a non-deal roadshow arranged by Jarden Australia and Citi.
