MUMBAI, May 30 (Reuters) - Indian Hotels Co Ltd said on Thursday it had not decided on whether to revise its bid to acquire Orient-Express Hotels Ltd.
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. [ID:nL3E8M862U
“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.