Thistle rejects bid from shareholder

The Singapore-based investment firm circling Thistle Hotels today tabled a cash bid valuing the upmarket hotel chain at £555m (€805m).

Thistle rejects bid from shareholder
Tue, 04 Mar, 2003 - 13:42

The Singapore-based investment firm circling Thistle Hotels today tabled a cash bid valuing the upmarket hotel chain at £555m (€805m).

BIL International, which already owns 46% of Thistle, is bidding 115p per share for the remaining stake it does not already own.

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