China’s Fosun sweetens Club Med bid
A consortium led by China Fosun International has improved its offer for France-based Club Méditerranée (Club Med), valuing the vacation resort operator at EUR879 million ($1.12 billion).
The improved offer came hours before the December 1 deadline. According to a filing, Fosun is offering EUR23.50 per share, EUR1.5 above its previous bid tabled in September. This tops the EUR23 per share...
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