• New bid for Club Med
Club Med’s board has welcomed a new, higher takeover offer from its initial bidder. A EUR22 per share offer from Chinese conglomerate Fosun International has topped that from Italian rival Andrea Bonomi, reports Reuters. 

Fosun had previously bid with French partner Ardian, but has now bought its 8% shareholding and assembled a fresh supporting consortium. The board has hired an independent expert to review the offer.
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