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Search resuls for: "Byron Kaye Harish Sridharan"


2 mentions found


☆ Blackstone-owned Crown Resorts agrees to $294 mln fine in Australia
  + stars: | 2023-05-30 | by ( Byron Kaye Harish Sridharan | Byron Kaye | Harish Sridharan | ) www.reuters.com   time to read: +2 min
May 30 (Reuters) - Crown Resorts, the Australian casino operator bought by Blackstone Inc (BX.N) after three damaging inquiries, agreed to pay a A$450 million ($294 million) fine for breaking anti-money laundering laws, a step toward ending its darkest chapter. "We are pleased to have reached this agreement with AUSTRAC," said Crown Resorts CEO Ciarán Carruthers, who started in the role in September. "The company that committed these unacceptable, historic breaches is far removed from the company that exists today." Australian regulators over the recent years have penalised a slew of companies over breaches and non-compliances, with the country's "Big Four" banks fined the most. ($1 = 1.4743 Australian dollars)Reporting by Byron Kaye in Sydney and Harish Sridharan in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
☆ KKR-led $13 bln buyout of Australia's Ramsay Health collapses
  + stars: | 2022-09-26 | by ( Byron Kaye Harish Sridharan | Byron Kaye | Harish Sridharan | ) www.reuters.com   time to read: +2 min
Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., Aug. 23, 2018. Register now for FREE unlimited access to Reuters.com RegisterCentral banks around the world meanwhile had jacked up interest rates - and borrowing costs - amid raging inflation. Then last month Ramsay said the KKR-led group had notified it that it would not improve on what Ramsay considered a "meaningfully inferior" offer, due to the target company's weak business performance. A spokesperson for the KKR-led consortium told Reuters in a statement: "Following recent engagement with the Ramsay Board, we have decided to mutually terminate discussions regarding a potential change of control transaction". The stock was last trading at A$57.64, one-third below the initial indicative buyout price which Ramsay's biggest shareholder had supported.
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