Starwood Hotels, Millennium turn cool on Thistle
Article Abstract:
Thistle Hotels PLC's potential bidders have narrowed, with two leading candidates contradicting reports that they will join in the bidding. Millennium & Copthorne Hotels PLC said the UK-based Thistle is currently unattractive as its shares are trading at a substantial premium. Starwood Hotels & Resorts, a US-based real estate investment trust, said it is no longer interested in Thistle. Thistle, a hotel chain that is 46% owned by Brierley Investment Ltd. of New Zealand, said it met with potential buyers, consisting of six hotel and financial companies from the UK and overseas. Among the potential bidders are Blackstone Hotel Acquisitions, Patriot American Hospitality Inc. and Ladbroke Group PLC.
Comment:
Is one of the two potential bidders for Thistle Hotels PLC denying they will join in the bidding
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Gates to secure part-ownership of Cliveden
Article Abstract:
Cliveden PLC of the UK, an operator of luxury hotels and leisure clubs, has agreed to be bought by Destination Europe USA, a group of US investors that includes Microsoft Corp. chairman Bill Gates. Destination Europe is 10% owned by Gates, with 25% going to real estate company Lowe Enterprises of Los Angeles, CA, and 65% to LF Strategic Realty Investors, a real estate investment firm. Destination Europe is offering a 20% premium for the present value of Cliveden's shares. The company is offering 95 pence per Cliveden share.
Comment:
Agrees to acquire Cliveden, an operator of luxury hotels and leisure clubs
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
KBC chosen to buy 66% stake in CSOB
Article Abstract:
KBC Bankassurance Holding NV has become the leading bidder to acquire 66% of Ceskoslovenska Obchodni Banka AS (CSOB). CSOB is one of the most coveted banking assets in the Czech Republic. KBC made a 40 billion Czech koruna (1.07 billion euro) bid to acquire the CSOB majority share. KBC became the favored bidder over Deutsche Bank AG and Bayerische Hypo & Vereinsbank AG. KBC is based in Belgium.
Comment:
KBC becomes leading bidder to acquire 66% of CSOB
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Defining the true cost of logistics. Take your partners. Getting your goods to market
- Abstracts: Reebok Stadium, Bolton. Steel- it's the real thing
- Abstracts: Randstad to buy Strategix for $850 million in cash. Scotts to acquire European businesses. Wolters Kluwer agrees to buy Plenum Publishing
- Abstracts: Prada boosts stake to 9.5% in rival Gucci. Prada's designs on Gucci are unclear
- Abstracts: WPP chief sees further growth in revenue, profit. BSkyB earnings reflect digital effort. Granada's debt shrinks; TV revenue is strong