Key Developments: Orient-Express Hotels Ltd (OEH)
11.49USD
23 May 2013
$0.01 (+0.09%)
$11.48
$11.34
$11.50
$11.21
861,633
665,804
$13.13
$7.52
Latest Key Developments (Source: Significant Developments)
Orient-Express Hotels Ltd Rejects $1.2 Billion Indian Hotels Offer Co Ltd-Reuters
Reuters reported that Orient-Express Hotels Ltd rejected a $1.2 billion takeover offer from Indian Hotels Co Ltd as too cheap saying that it was confident of its prospects as an independent Company. Full Article
Orient-Express Hotels Ltd Names John M. Scott III As President And Chief Executive Officer
Orient-Express Hotels Ltd announced that John M. Scott III has been appointed President and Chief Executive Officer and a Director. Full Article
Indian Hotels Company Ltd Makes $1.2 Billion Bid For Orient-Express Hotels Ltd-Reuters
Reuters reported that Indian Hotels Company Ltd made an unsolicited $1.2 billion bid for luxury hotels group Orient-Express Hotels Ltd. A spokeswoman for Orient-Express could not immediately be reached for comment. Indian Hotels would also assume Orient-Express debt, which stood at $529.5 million at June 30, 2012. Indian Hotels would contribute $650 million in cash while the rest would be funded by other Tata group entities and debt from Bank of America ICICI Bank and Standard Chartered Bank. Full Article
Orient-Express Announces Sale of The Observatory Hotel
Orient-Express Hotels announced that it has entered into an agreement to sell The Observatory Hotel, Sydney, to an international luxury hotel group. Orient-Express will continue to operate the hotel until the transaction closes, which is expected to be on August 8, 2012. Full Article
Philip Mengel Named Interim CEO Of Orient-Express Hotels Ltd.
Orient-Express Hotels Ltd. announced that Board member Philip R. Mengel has been named Interim Chief Executive Officer (CEO) while the Board continues its search for a permanent CEO. J. Robert "Bob" Lovejoy, who has been serving as Interim CEO since July 2011, will remain Chairman of the Board. Full Article
Orient-Express Hotels Announces Management Changes
Orient-Express Hotels Ltd. announced that Paul White, President and Chief Executive Officer, has resigned from the Company and from the Board of Directors. Bob Lovejoy, Chairman of the Board, has been named Interim Chief Executive Officer while the Board conducts a search for a permanent replacement. The Board has named a Search Committee chaired by director Mitchell Hochberg including Lovejoy, Prudence Leith and Georg Rafael. Full Article
Orient Express shares could rise 50 pct in coming years
NEW YORK, May 12 - Shares of Orient-Express Hotels Ltd could rise by as much as 50 percent in the next two to three years, according to a story in the Barron's May 13 edition.
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