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Paris court rejects challenge to Fosun International Ltd's Club Mediterranee bid-Reuters

Monday, 28 Apr 2014 08:00pm EDT 

Fosun International Ltd:Paris court rejects shareholders challenge to bid by China's Fosun International and French private equity firm Ardian for holiday operator Club Med-Reuters.Plaintiffs - the Association for the Defence of Minority Shareholders (ADAM) and Charity Investment Asset Management (CIAM) - were challenging the offer on the basis that it was too low at 17.50 euros per share and offered favourable terms to the management that has agreed to it.It was not immediately clear whether they would appeal. 

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0.03 +0.32%
27 Nov 2014