Rezidor Hotel Group AB (REZT.ST)
25 Apr 2017
* HNA <HNAIRC.UL > says shares tendered in the offer for Rezidor during initial acceptance period, together with the shares already held by HNA Tourism Group, amounts to approximately 56.8 pct of the outstanding shares and votes in Rezidor
* The board of Rezidor recommends the shareholders not to accept HNA Tourism Group's mandatory offer of SEK 34.86 per share
STOCKHOLM China's HNA Tourism Group late on Thursday announced a mandatory takeover bid for Rezidor Hotel Group , offering 34.86 Swedish crowns ($3.78) per share for the company.