Hospitality Leaders Hospitality Leaders Menu 0
Google Translate
Hospitality Industry News, syndicated

Rezidor board against share offer

Profile Photo By: Steve Shellum
February 20, 2017

Rezidor board against share offer

Brussels – 20 February 2017 – 
The board of Rezidor Hotel Group recommends shareholders not to accept HNA Tourism Group’s mandatory offer of SEK34.86 per share.

It unanimously recommends the shareholders not to accept the offer, which it says does not reflect the value of Rezidor from a financial perspective.

On December 22, 2016, HNA Tourism Group, through its wholly-owned subsidiary HNA Sweden Hospitality Management, announced a mandatory cash tender offer to the shareholders of Rezidor to acquire all outstanding shares in Rezidor.

Suggested news

all access

Get full access to the hospitality industry news.

Sign up now. It’s free
Or import your details from