Orient Express Hotels, on Thursday, in a filing to the SEC, said, “a representative of Indian Hotels contacted Philip Mengel, Interim Chief Executive Officer of the company, to inform him that Indian Hotels, together with the other investors, intended to send a letter proposing to acquire the company.
Indian Hotels delivered a letter to Mr. Mengel, pursuant to which the investors proposed to acquire all of the outstanding shares not held by the investors for $12.63 a share in cash, totalling around $1.30 billion.’’
