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Jardine Matheson Holdings ( (GB:JARB) ) just unveiled an announcement.
Jardine Matheson has completed the recommended cash acquisition, via its wholly owned subsidiary Jardine Strategic Limited, of the remaining 11.96% stake in Mandarin Oriental International that it did not already own, followed by the delisting of Mandarin Oriental from the London, Bermuda and Singapore stock exchanges. The company has now confirmed that eligible independent Mandarin Oriental shareholders who validly elected to receive consideration in pounds sterling will be paid £2.05 per share as the final scheme consideration, formalising the cash terms of the buyout and marking the full privatization of the luxury hotel group under the Jardine Matheson umbrella.
More about Jardine Matheson Holdings
Jardine Matheson Holdings is a diversified Asian-focused conglomerate with interests spanning property, retail, hospitality, automotive and financial services, and it exercises strategic control over Mandarin Oriental International, a luxury hotel owner and operator with a global footprint. Through wholly owned subsidiary Jardine Strategic Limited, the group has been consolidating its ownership of Mandarin Oriental as part of a broader strategy to streamline group structure and delist certain units from public markets.
See more insights into JARB stock on TipRanks’ Stock Analysis page.