May 30 (Reuters) - Melco Resorts & Entertainment Ltd MLCO.O said on Thursday it would buy a 19.99% stake in Australia's Crown Resorts Ltd CWN.AX for A$1.76 billion ($1.22 billion).
Melco's offer represents a marginal premium of 0.6% to Crown's last closing price of A$12.92. ($1 = 1.4436 Australian dollars)