Bonomi to Raise Club Med Bid, Ally With KKR for Control: Lettre
2014-11-08 14:08:38.654 GMT
By Helene Fouquet
Nov. 8 (Bloomberg) -- Italy’s Andrea Bonomi is going to
increase its bid on Club Mediterranee SA and ally with KKR to
take control of the resort operator, La Lettre de l’Expansion
reports, without saying where it got the information.
* Bonomi is teaming with KKR to counter Fosun International
Ltd.’s plan to take over Club Med, La Lettre says
* Bonomi must unveil its plans by Nov. 13, La Lettre says
* NOTE: While Club Med’s board said Sept. 15 it welcomed
Fosun’s latest bid, the company’s workers’ committee voted
against the new offer
* NOTE: Fosun owns 18% of Club Med and is seeking to take
control with a Sept. 12 bid valuing the company at EU839m
($1.04b). That’s 6.2% more than offered by funds associated
with Bonomi
Link to Company News:656 HK <Equity> CN <GO>
Link to Company News:CU FP <Equity> CN <GO>
Link to Company News:KKR US <Equity> CN <GO>
For Related News and Information:
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First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Helene Fouquet in Paris at +33-1-5365-5038 or
hfouquet1@bloomberg.net
To contact the editors responsible for this story:
James Hertling at +44-20-3525-9330 or
jhertling@bloomberg.net
Mike Harrison, Sarah McGregor
2014-11-08 14:08:38.654 GMT
By Helene Fouquet
Nov. 8 (Bloomberg) -- Italy’s Andrea Bonomi is going to
increase its bid on Club Mediterranee SA and ally with KKR to
take control of the resort operator, La Lettre de l’Expansion
reports, without saying where it got the information.
* Bonomi is teaming with KKR to counter Fosun International
Ltd.’s plan to take over Club Med, La Lettre says
* Bonomi must unveil its plans by Nov. 13, La Lettre says
* NOTE: While Club Med’s board said Sept. 15 it welcomed
Fosun’s latest bid, the company’s workers’ committee voted
against the new offer
* NOTE: Fosun owns 18% of Club Med and is seeking to take
control with a Sept. 12 bid valuing the company at EU839m
($1.04b). That’s 6.2% more than offered by funds associated
with Bonomi
Link to Company News:656 HK <Equity> CN <GO>
Link to Company News:CU FP <Equity> CN <GO>
Link to Company News:KKR US <Equity> CN <GO>
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Helene Fouquet in Paris at +33-1-5365-5038 or
hfouquet1@bloomberg.net
To contact the editors responsible for this story:
James Hertling at +44-20-3525-9330 or
jhertling@bloomberg.net
Mike Harrison, Sarah McGregor