Deals
BMB Says It Bid $4 Billion for Atlantis Owner Kerzner
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BMB Group, a firm representing Malaysian investors, offered to pay as much as $4 billion for Kerzner International Holdings Ltd., the hotel and casino company that built Atlantis in the Bahamas and Dubai, said BMB founder Rayo Withanage.
The firm’s BMB Advisors Malaysia Ltd. unit sent a letter on Oct. 11 to Sol Kerzner, founder of Kerzner International, offering to pay $3.4 billion to $4 billion for his Bahamas-based company, according to a copy obtained by Bloomberg News. Kerzner International received the proposal and “the company is not for sale,” said Jennifer Glaisek, a spokeswoman.