Club Med’s Sales Decline Complicates Potential Fosun Bid: Monde
2014-09-06 14:21:53.334 GMT
By Francois de Beaupuy
Sept. 6 (Bloomberg) -- Club Mediterranee’s management and
Fosun have contacted investors in recent weeks to top Bonomi’s
bid for Club Med, Le Monde said, citing unidentified people
close to Fosun.
Le Monde also reported:
* Accor and Marriott have unsuccessfully been approached
* Fosun would need to offer at least EU22-EU23 p/shr to have a
chance to succeed
* Alliance between Bonomi and Fosun can’t completely be ruled
out
* Deadline for counterbid is Sept. 12
* NOTE: Club Med’s Third-Quarter Revenue Statement: NSN
NBFT5CMEQTXC <GO>
* NOTE: Club Med Surges to Five-Year High on $1.1 Billion
Bonomi Bid NSN N81JMW6K50XX <GO>
Link to Company News:300808Z IM <Equity> CN <GO>
Link to Company News:656 HK <Equity> CN <GO>
Link to Company News:AC FP <Equity> CN <GO>
Link to Company News:CU FP <Equity> CN <GO>
Link to Company News:MAR US <Equity> CN <GO>
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To contact the reporter on this story:
Francois de Beaupuy in Paris at +33-1-5365-5051 or
fdebeaupuy@bloomberg.net
To contact the editors responsible for this story:
Simon Thiel at +44-20-7673-2814 or
sthiel1@bloomberg.net
Mike Harrison, Dan Weeks
2014-09-06 14:21:53.334 GMT
By Francois de Beaupuy
Sept. 6 (Bloomberg) -- Club Mediterranee’s management and
Fosun have contacted investors in recent weeks to top Bonomi’s
bid for Club Med, Le Monde said, citing unidentified people
close to Fosun.
Le Monde also reported:
* Accor and Marriott have unsuccessfully been approached
* Fosun would need to offer at least EU22-EU23 p/shr to have a
chance to succeed
* Alliance between Bonomi and Fosun can’t completely be ruled
out
* Deadline for counterbid is Sept. 12
* NOTE: Club Med’s Third-Quarter Revenue Statement: NSN
NBFT5CMEQTXC <GO>
* NOTE: Club Med Surges to Five-Year High on $1.1 Billion
Bonomi Bid NSN N81JMW6K50XX <GO>
Link to Company News:300808Z IM <Equity> CN <GO>
Link to Company News:656 HK <Equity> CN <GO>
Link to Company News:AC FP <Equity> CN <GO>
Link to Company News:CU FP <Equity> CN <GO>
Link to Company News:MAR 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:
Francois de Beaupuy in Paris at +33-1-5365-5051 or
fdebeaupuy@bloomberg.net
To contact the editors responsible for this story:
Simon Thiel at +44-20-7673-2814 or
sthiel1@bloomberg.net
Mike Harrison, Dan Weeks