Mantra Group Ltd. will not be declaring a dividend for the half year ended Dec. 31, 2017 and could choose to pay shareholders a special dividend of up to 23.5 Australian cents per share, deducted from the headline A$3.96 per-share scheme arrangement signed with AccorHotels.
AccorHotels and Mantra Group entered into a A$1.18 billion binding agreement, with the French hotel group offering in October 2017 to pay A$3.96 per Mantra share in cash for the takeover.
A provisional decision on the proposed buyout by the Australian Competition and Consumer Commission was delayed after the watchdog sought additional information from AccorHotels in January.