October 9, 2017 / 12:56 AM / 2 months ago

BRIEF-Mantra Group received indicative proposal from Accor S.A. ‍​

Oct 9 (Reuters) - Mantra Group Ltd:

* ‍Refers to recent press speculation regarding Mantra Group Limited​

* ‍Confirms has received indicative & non-binding proposal from Accor S.A. in relation to a potential control transaction​

* Deal to be implemented by way of a Mantra scheme of arrangement, at $3.96 cash per share (on a fully diluted basis)​

* Has granted Accor access to due diligence to determine if a transaction can be agreed and recommended unanimously by mantra board.​

* ‍Mantra has retained Highbury Partnership as financial adviser and Baker Mckenzie as legal adviser ​ Source text for Eikon: Further company coverage:

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