• NH bid moves forward

Shareholders in Minor International have approved the group’s takeover bid for NH Hotels. An EGM approved the purchase of a further 8.4% stake in NH, and the launch of a tender offer.

The latest addition takes Minor’s stake in NH to 44%. The company has said that its tender offer will aim  to take its stakeholding to somewhere above 50%, but it wants to retain NH’s stock market listing.

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