The Board of Rezidor evaluates the offer from HNA Tourism Group
(Thomson Reuters ONE) -
HNA Tourism Group Co, Ltd. ("HNA") has yesterday announced a mandatory public
offer to the shareholders in Rezidor Hotel Group AB (publ) ("Rezidor") to
acquire all shares in Rezidor for a cash consideration of SEK 34.86 per share
(the "Offer"). HNA owns, directly and indirectly, 51.3% of all outstanding
shares in Rezidor following the acquisition of Carlson Hotels Inc.
According to HNA's announcement it intends to make an offer document available
around 2 February 2017, which will be distributed to the shareholders in
Rezidor. HNA has further informed that the offer period will start on 3 February
2017 and end on 10 March 2017.
The Board will now evaluate the Offer and obtain a fairness opinion. The Board
will no later than two weeks prior to the expiry of the acceptance period
announce its opinion of the Offer, including the reasons for its opinion.
Trudy Rautio, Wendy Nelson and David Berg will not, due to conflict of interest
following the sale of Carlson Hotels Inc. to HNA, participate in the Board's
processing of, or any other resolutions concerning, the Offer. The remaining
members of the Board, being Staffan Bohman, Anders Moberg, Charlotte Strömberg
and Göran Larsson, have for the purposes of the Offer appointed Staffan Bohman
as chairman.
The Board has engaged SEB Corporate Finance as financial advisor and Gernandt &
Danielsson Advokatbyrå as legal advisor in relation to the Offer. The Board has
further appointed DNB Markets to provide a fairness opinion in relation to the
Offer.
For further information regarding the Offer, please refer to HNA's press release
announcing the Offer, which is available at hnagroup.com.
For further information, please contact:
Knut Kleiven, Deputy President & CFO at knut.kleiven(at)rezidor.com.
This information is information that Rezidor Hotel Group AB (publ) is obliged to
make public pursuant to the EU Market Abuse Regulation. The information was
submitted for publication, through the agency of the contact person set out
above, on 23 December 2016 at 8:00 CET.
Press release (PDF):
http://hugin.info/142138/R/2067614/776363.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Rezidor Hotel Group via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 23.12.2016 - 08:00 Uhr
Sprache: Deutsch
News-ID 514679
Anzahl Zeichen: 2772
contact information:
Town:
Brussels
Kategorie:
Business News
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"The Board of Rezidor evaluates the offer from HNA Tourism Group"
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Rezidor Hotel Group (Nachricht senden)
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