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News: MTR Mantra Group received indicative proposal from Accor S.A.

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    Oct 9 (Reuters) - Mantra Group Ltd (MTR) :

    • Refers to recent press speculation regarding Mantra Group Limited
    • Confirms has received indicative & non-binding proposal from Accor S.A. in relation to a potential control transaction
    • Deal to be implemented by way of a Mantra scheme of arrangement, at $3.96 cash per share (on a fully diluted basis)
    • Has granted Accor access to due diligence to determine if a transaction can be agreed and recommended unanimously by mantra board.
    • Mantra has retained Highbury Partnership as financial adviser and Baker Mckenzie as legal adviser
 
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