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BRIEF-Melco International Development says unit entered into a stock purchase agreement
December 15, 2016 / 12:08 AM / 9 months ago

BRIEF-Melco International Development says unit entered into a stock purchase agreement

Dec 15 (Reuters) - Melco International Development Ltd -

* Unit entered into a stock purchase agreement

* Melco sub agreed to purchase 198 million ordinary shares in Melco Crown Entertainment

* Aggregate purchase price for sale shares is us$1.19 billion

* Group intends to finance acquisition by bank borrowings Source text for Eikon: Further company coverage:

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