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An announcement from Mandarin Oriental International ( (GB:MDOB) ) is now available.
Jardine Strategic Limited, a wholly owned subsidiary of Jardine Matheson, has completed its recommended cash acquisition of the remaining 11.96% of Mandarin Oriental International’s share capital that it did not already own, making Mandarin Oriental a wholly owned subsidiary of Bidco. Following the Bermuda court’s sanction of the scheme of arrangement and registration of the court order, all conditions to the takeover have been satisfied, the transaction has become effective, and trading in Mandarin Oriental shares on the London Stock Exchange has been suspended, marking the company’s full transition into private ownership under the Jardine Matheson umbrella.
More about Mandarin Oriental International
Mandarin Oriental International is a global luxury hotel investment and management group, operating high-end hotels, resorts and residences in key international gateway cities and prime resort destinations. The company focuses on the premium hospitality market, targeting affluent leisure and business travellers, and is part of the wider Jardine Matheson group of Asian-centric conglomerate interests.
For a thorough assessment of MDOB stock, go to TipRanks’ Stock Analysis page.