MUMBAI (Reuters) - Indian Hotels Co Ltd (IHTL.NS) said on Thursday it had not decided on whether to revise its bid to acquire Orient-Express Hotels Ltd OEH.N.
In November, U.S.-listed Orient-Express, which owns the Hotel Cipriani in Venice and the ‘21’ Club in New York, rejected a $1.2 billion unsolicited takeover offer from Indian Hotels as too cheap.
“The board has not yet taken a decision on the Orient-Express bid. Different options are open to us,” Anil Goel, executive director for finance, told reporters on Thursday.
Reporting by Aditi Shah; Writing by Tony Munroe; Editing by Sumeet Chatterjee