Fosun, Axa's Club Med takeover delayed
Axa Private Equity and China’s Fosun International have suffered a setback in their takeover of France-based vacation resort operator Club Méditerranée (Club Med), as French regulators decided not to rule on shareholder opposition to the deal before mid-March next year.
Last month, minority shareholder's association ADAM and Charity Investment Asset Management (CIAM) said the proposed acquisition price of EUR17.50 ($23.7) per share is too low. Both parties filed complaints...
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