WEEKLY FEATURE; Wynn Scraps Talks to Buy Crown Resorts

Wynn Resorts reportedly was offering US$10.50 per share in a combined cash and stock deal that valued the Australian casino giant Crown Resorts at $7.83 billion and its flagship, Crown Melbourne (l.). That was until Crown leaked the news. The company’s value immediately soared 20 percent, prompting Wynn to call everything off.