Wynn ends A$10 billion acquisition talks with Australia's Crown Resorts
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(Reuters) - Wynn Resorts Ltd, the world's No. 2 casino operator, said on Tuesday it scrapped preliminary talks to acquire Crown Resorts Ltd for A$10 billion (£5.5 billion), after the Australian Financial Review broke news of the negotiations.Wynn's backtracking illustrates how media leaks of deal talks can test the resolve of potential acquirers. Crown shares jumped as much as 22 percent on the news to A$14.37, close to the $A14.75 per share level that Crown said Wynn's latest cash-and-stock..