• Club Med bid climax
The board of Club Med meet on Friday and are tipped to recommend the latest offer from investor Andrea Bonomi. Serge Trigano, son of the company’s founder, has pledged his support, reports Reuters. 

Bonomi’s offer trumped one already on the table from Fosun and Ardian, who have so far refused to raise their EUR17.50 per share offer. Bonomi is offering EUR790m, or EUR21 per share, against a current share price of EUR21.30.
Read the full story here: 
http://in.reuters.com/article/2014/07/21/clubmed-board-idINL6N0PW2K920140721
 
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