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Indian Hotels says no decision yet on Orient-Express bid
May 30, 2013 / 3:32 PM / 5 years ago

Indian Hotels says no decision yet on Orient-Express bid

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

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