Radisson Hospitality AB : Public takeover offer from Jin Jiang at SEK 40 per share; very good offer for the minority shareholders
>Jin Jiang has announced an offer of SEKÂ 40 per share - In line with market expectations, Jin Jiang has announced the launch of its compulsory takeover offer on the shares not owned by Radisson Hospitality. The offer price of SEKÂ 40 per share has come as a very positive surprise for minority shareholders since it is much higher than the SEKÂ 35Â per share paid by Jian Jiang to acquire the 70% already held in the group. At SEKÂ 40 per share, the group is valued at SEKÂ 7bn...Rezidor Hotel Group is an international hospitality company managing hotels, brands and assets owned by third parties. Co. operates two main brands, Radisson Blu and Park Inn by Radisson, as well as two more brands, Radisson Red and the Quorvus Collection targeting the luxury segment. All brands are developed and licensed by Co. in Europe, the Middle East and Africa under Master Franchise Agreements with Carlson, a privately held hospitality and travel company. As of Dec 31 2013, Co.'s existing portfolio consisted of 429 hotels with 94,800 rooms in operation and under development in 69 countries across Europe, the Middle East and Africa.
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