Minor Hotels Europe & Americas soars after delisting offer by Minor

Minor Hotels Europe & Americas SA

16/12/2024 10:10

** Shares in Minor Hotels Europe & Americas (MHEA)  NHH.MC 
soar around 34% to July 2018 highs after a Thai tourism group
offered to buy out the company's minority shareholders 
    ** Minor International  MINT.BK , which already owns 95.9%
of MHEA shares, offered to pay 6.37 euros ($6.69) per share for
the stake it does not own, which represents a 38% premium over
MHEA's Friday closing price
    ** Brokerage Sabadell says that Minor International's
delisting bid of Minor Hotels, previously known as NH Hotel,
makes sense given the low liquidity of the stock
    ** "It is not surprising given that the controlling
shareholder had already tried to delist the stock in 2023,"
Sabadell adds 
    ** Shares in MHEA are on track for their best day ever if
gains hold

($1 = 0.9517 euros)

 (Reporting by Jakub Olesiuk)
 ((jakub.olesiuk@thomsonreuters.com))