Ann: Minor International Announces Takeover Offer, page-35

re: Ann: Minor International Announces Takeov... Just because we all don't have access to AFR, I'll include my notes here from their contact with Minor's CEO, Dilip Rajakarier. (in the article today.)

-Minor plan to keep the Brand, because they like it.
-Plan to become a major player in Australia, so they are motivated to make some more big investments locally.
-They are comfortable with a JV position, but they need atleast a controlling stake to be acceptable. (This may mean that they will seek to sell the current 20% of Oaks if they can't get 50%)
-They will offer value by dealing with the debt and expanding the portfolio.

They also mention that they own 33 hotels, such as some Marriot, Four Squares and Anantara; which means that they buy other peoples models and probably not as experienced as we might think. With Oaks, they could be buying a working model to allow them to make more profit on their future hotel purchases, and expand a lot faster than buying the bricks with the management.