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Mandarin Oriental International ( (GB:MDOB) ) has provided an update.
Mandarin Oriental International has moved a step closer to full ownership by Jardine Matheson after the Bermuda court sanctioned a scheme of arrangement under which Jardine Strategic, a wholly owned subsidiary, will acquire the remaining 11.96% of Mandarin Oriental shares it does not already own in a recommended cash deal. Following court approval, the company expects its shares to be suspended and then cancelled from listing on the UK’s Financial Conduct Authority Official List, the London Stock Exchange, the Bermuda Stock Exchange and the Singapore Exchange over the coming days, paving the way for Mandarin Oriental to be taken fully private under the Jardine Matheson umbrella and ending its public trading status across multiple markets.
More about Mandarin Oriental International
Mandarin Oriental International is a global luxury hospitality company that owns and operates high-end hotels, resorts and residences, with listings on several exchanges including London, Bermuda and Singapore, and a focus on premium international travel markets. It has historically been part of the Jardine Matheson group, which already controls the majority of its share capital.
For a thorough assessment of MDOB stock, go to TipRanks’ Stock Analysis page.