Printer Friendly

Purchase offer.

PURCHASE OFFER. Orient-Express Hotels Ltd., based in Bermuda, confirmed that it has received an unsolicited letter dated Oct. 18 from The Indian Hotels Co. Ltd. (IHCL) and other members of the Tata group of companies, and included in IHCL's SEC Schedule 13D/A filing of the same date, with an unsolicited proposal by those parties and a fund controlled by Montezemolo & Partners to acquire all outstanding shares of Orient-Express Hotels Ltd. The Board of Directors of Orient-Express Hotels Ltd. said it expects to evaluate the proposal carefully and respond in due course in accordance with the best interests of the Orient-Express Hotels Ltd. and its shareholders. Details: www.orient-express.com

COPYRIGHT 2012 Caribbean Update, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:BERMUDA
Publication:Caribbean Update
Date:Dec 1, 2012
Words:110
Previous Article:General elections.
Next Article:Top banker rating.
Topics:

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |