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HNA Tourism offers to acquire Rezidor

Rezidor Hotel Group AB has begun a review of HNA Tourism Group Co. Ltd.'s mandatory public offer to acquire all of the company's shares for 34.86 Swedish kronor per share.

The offer period will take place between Feb. 3, 2017, and March 10, 2017. An offer document is expected to be released among Rezidor shareholders around Feb. 2, 2017.

Rezidor's board plans to obtain a fairness opinion on the offer and will announce its opinion of the offer two weeks before the end of the acceptance period.

SEB Corporate Finance will serve as financial adviser and Gernandt & Danielsson Advokatbyrå will serve as legal adviser, while DNB Markets will provide a fairness opinion in relation to the offer.

HNA gained ownership of 51.3% of all outstanding shares in Rezidor after acquiring Carlson Hotels Inc. from Carlson Hospitality Group Inc.

As of Dec. 26, US$1 was equivalent to 9.20 Swedish kronor.