March 28, 2017 / 10:27 PM / 4 months ago

BRIEF-Crown Resorts enters equity swap for its shareholding in Melco Crown Entertainment

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March 29 (Reuters) - Crown Resorts Ltd

* Entered into a cash-settled equity swap in respect of its shareholding in Melco Crown Entertainment Limited

* Cash-settled equity swap referencing 12.0 MLN MCE ADSs

* Price hedge under swap transaction has been set at US$18.05 per MCE ADS

* Swap transaction provides price hedge in respect of any future sale of MCE shares equivalent to number of MCE ADSs referenced in swap transaction Source text for Eikon: Further company coverage:

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