Club Med board recommends Fosun consortium's renewed offer
The board of French vacation resort operator Club Méditerranée (Club Med) has recommended that shareholders accept the most recent takeover offer from a consortium led by China's Fosun International.
This comes one month after the consortium issued a sweetened offer valuing the firm at EUR939 million ($1.1 billion), representing EUR24.60 per share - EUR1.50 above its previous offer. The offer trumped...
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