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Australia's Mantra Group receives $917 mln bid from French hotel group
October 8, 2017 / 11:21 PM / 10 days ago

Australia's Mantra Group receives $917 mln bid from French hotel group

Oct 9 (Reuters) - Australian hotel company Mantra Group said on Monday it had received an indicative proposal from French hotel group Accor SA at A$3.96 per share for a buyout price of A$1.18 billion ($916.98 million).

Accor has been granted access to due diligence to determine if a deal can be agreed upon and recommended unanimously by the Mantra board, Mantra said in a statement to the Australian Securities Exchange.

$1 = 1.2868 Australian dollars Reporting By Shashwat Pradhan in Bengaluru; Editing by Paul Tait

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