Deals
Bonomi Club Med Bid Tops Rival Offer at 21 Euros a Share
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Funds associated with Italy’s Andrea Bonomi offered 21 euros a share for Club Mediterranee SA in a bid that’s 20 percent higher than an earlier Chinese-backed offer for the French holiday resort operator.
The proposal from Investindustrial Development values Paris-based Club Med at 790 million euros ($1.1 billion) when including a 22.41 euros a share offer for a convertible bond, it said today in the French capital after indicating on May 27 that a bid was being prepared.