April 9 (Reuters) - Crown Resorts Ltd CWN.AX :
* DISCUSSIONS WITH WYNN RESORTS
* CROWN BOARD HAS NOT YET CONSIDERED MOST RECENT PROPOSAL FROM WYNN
* CROWN RESORTS SAYS PROPOSAL CONTEMPLATES AN ACQUISITION OF CROWN BY WYNN VIA SCHEME OF ARRANGEMENT FOR A COMBINATION OF CASH AND WYNN SHARES
* CONFIRMS THAT IT IS IN CONFIDENTIAL DISCUSSIONS WITH WYNN REGARDING A POTENTIAL CHANGE OF CONTROL TRANSACTION FOLLOWING APPROACHES TO CROWN BY WYNN
* PROPOSAL CURRENTLY CONTEMPLATES ACQUISITION CONSIDERATION (50% CASH AND 50% WYNN SHARES) WITH AN IMPLIED VALUE OF A$14.75 PER SHARE
* DISCUSSIONS BETWEEN CO, WYNN AT PRELIMINARY STAGE; NO AGREEMENT REACHED BETWEEN PARTIES IN RELATION TO STRUCTURE, TERMS OF TRANSACTION