Morgans Hotel Group shareholders plan action after bid fails
Times Online - UK
Zabeel Investments, a Dubai-based fund, is considering whether to lift its offer for Morgans Hotel Group after the board of the luxury hotel group rejected its $1.4 billion (£796 million) bid last week. The Times understands that David Hamamoto, the Morgans chairman, notifed the sovereign wealth fund that its indicative offer of $22 a share for the Nasdaq-listed company had been unanimously rejected by the board. ...
Times Online - UK
Zabeel Investments, a Dubai-based fund, is considering whether to lift its offer for Morgans Hotel Group after the board of the luxury hotel group rejected its $1.4 billion (£796 million) bid last week. The Times understands that David Hamamoto, the Morgans chairman, notifed the sovereign wealth fund that its indicative offer of $22 a share for the Nasdaq-listed company had been unanimously rejected by the board. ...
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