November 20, 2017 / 11:23 AM / in a month

BRIEF-Barcelo proposes merger with NH Hotels with valuation at 7.08 euros/shr

Nov 20 (Reuters) - GRUPO BARCELO:

* BARCELO SENDS TO CNMV PROPOSAL SENT TO NH HOTELS FOR MERGER, SAYS SANTANDER TO ADVISE IN OPERATION‍​

* BARCELO TRANSACTION PROPOSAL INCLUDES VALUATION OF NH HOTELS AT 7.08 EUROS/SHR‍​

* BARCELO SAYS INTENDS TO KEEP NH HOTELS ON STOCK EXCHANGE, SEES POSSIBILITY FOR HEAD OFFICE TO BE LOCATED IN MADRID

* BARCELO SAYS IS WILLING TO CONSIDER ALTERNATIVES REGARDING THE OPERATION WITH NH HOTELS IN ORDER TO FACILITATE IT

* BARCELO SAYS NH PROPOSAL IS NOT BINDING AND IS SUBJECT TO DUE DILLIGENCE AND CNMV‘S EXEMPTION FROM LAUNCHING TAKEOVER‍​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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