November 8, 2012 / 4:50 PM / 5 years ago

Orient-Express rejects $1.2 bln offer from Indian Hotels

Nov 8 (Reuters) - Orient-Express Hotels Ltd rejected a takeover offer from Indian Hotels Company Ltd, saying the $1.2 billion offer undervalues the company.

Orient also named John Scott as its new chief executive, replacing interim CEO Philip Mengel.

Shares of Orient were down 11 percent at $10.58 on Thursday on the New York Stock Exchange.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below