trending Market Intelligence /marketintelligence/en/news-insights/trending/2RjPa2hHxOywAjPwuLZA9w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Takeover group increases offer for Radisson Hospitality

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Takeover group increases offer for Radisson Hospitality

After its initial mandatory public offer of 40 Swedish kronor per share was rejected by the independent committee of Radisson Hospitality AB's board of directors, a consortium led by Jin Jiang International (Holdings) Co. Ltd. has returned to the Belgium-based hotelier with a revised offer of 42.50 kronor per share.

Radisson said the independent committee will evaluate the new offer from the consortium, which includes the SINO-CEE Fund and is being conducted through the joint-acquisition vehicle Aplite Holdings AB, and will respond no later than Jan. 28. The acceptance period for the offer, which the consortium told Radisson would not be increased, will begin Jan. 7 and expire Feb. 4.

Aplite already owns a 50.94% stake in Radisson, according to S&P Global Market Intelligence data.

As of Jan. 3, US$1 was equivalent to 9.00 Swedish kronor.