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Accor bids A$1.18b for Mantra
Published Mon, Oct 9, 2017 · 09:50 PM
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Sydney
FRANCE'S Accor has bid A$1.18 billion (S$1.25 billion) for Mantra Group, a deal that would combine the two biggest hotel owners in Australia and seek to capitalise on surging tourism in the country.
Accor, already the biggest hotelier in Australia, offered A$3.96 a share, or a 23 per cent premium to Mantra's closing price last Friday.
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