Stakis shares surge on possibility of bid

Article Abstract:

According to people close to the situation, Stakis PLC is engaged in negotiations over its possible acquisition by Ladbroke Group PLC. The potential bid would give Stakis, a hotel group based in Great Britain, a value of approximately 1.1 billion pound sterling ($1.8 billion). Stakis had announced that an anonymous party had expressed interest in acquiring it. However, both companies would not make any comment on the reports.

Comment:

Stakis PLC engaged in negotiations over its possible acquisition by Ladbroke Group

United Kingdom, Coin-operated amusement devices, Casinos, Casinos (except Casino Hotels), Abstract, Gambling industry, Ladbroke Group PLC, Stakis PLC

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Bass to purchase hotel in Hong Kong

Article Abstract:

Bass Hotels and Resorts announced that it will acquire New World Development Co.'s Regent Hotel in Hong Kong. The deal is valued at US$346 million (393.5 million euros).

United States, Facilities & equipment, Hong Kong, New World Development Company Ltd., Bass Hotels & Resorts Inc.

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Raffles completes Swissotel purchase

Article Abstract:

Raffles Holdings Ltd. announced that it has completed its acquisition of Swissotel Holding AG. The acquisition is valued at S$427 million.

Switzerland, Singapore, Raffles Holdings Ltd., Swissotel Holding AG

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