Accor Free To Complete Mantra Acquisition
French hotel giant, Accor has been cleared by regulators to complete its near $1.2 billion offer for local hotel group Mantra.
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Metal Tiger Plc
Metal Tiger’s experienced team operates a hands on and dynamic investment approach. The company pursues a hybrid public and private equity investing model.
Metal Tiger focuses on Project Investments with the scope to generate a significant value uplift or a substantial new discovery. In addition to project exposure, the company also makes active and passive Equity Investments with a larger weighting to active investments.
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French Hotelier Woos Mantra
Hotel group Mantra didn’t take long to say ‘yes’ to the marriage proposal from French accommodation giant, Accor. On Monday the French company ponied up a $1.2 billion non binding ‘ have a look at this’ offer and won the right to due diligence.
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Will A Higher Bid Emerge For Mantra?
Mantra Group shares popped another 1.3% yesterday despite analysts at two investment banks casting doubt on the chances of another potential bidder emerging to top the $1.2 billion non-binding offer from Accor.
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Accor Bids For Hotel Operator Mantra Group
The Paris-based hotel giant Accor has made a $1.2 billion all cash “hug” for Australia’s second biggest hotel operator Mantra Group. It is not an outright offer, more an attempt to gain the right to due diligence on Mantra, which has been granted.
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Dreamworld Fallout Stings Mantra
Mantra shares have had a rollercoaster 2017, surging in January through March (and sliding as well) as speculation rose and fell that it could be facing a bid from private equity or a big global hotel chain.
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Mantra Shares Jump On Takeover Rumours
Mantra Group (MTR) joined Myer (MYR) on the maybe takeover list yesterday after it issued a statement denying market talk that it was talking to potential suitors.
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