• BMB offers up to $4bn for Kerzner

Investment company BMB Group has made an unsolicited offer to buy Kerzner International Holdings for up to $4bn.

BMB said: "We are not interested in casino assets, but are growing our global real estate exposure and are particularly interested in the hospitality sector." BMB was said to be focused on Kerzner’s Atlantis brand.

See the full story here:
http://www.bloomberg.com/news/2010-10-14/malaysia-s-bmb-group-offers-4-billion-for-atlantis-resort-owner-kerzner.html

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