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Stelios Haji-Ioannou believes offer from Ivanhoé Cambridge and Icamap is too low
Sir Stelios Haji-Ioannou has urged easyHotel shareholders to reject a near-£139m offer for the budget hotel chain he founded because he says the bid is too low.
EasyHotel’s board has accepted a cash offer for the company from Ivanhoé Cambridge, a Canadian real estate investor, and Icamap, a property fund. The 95p-a-share offer is worth about 35% more than easyHotel’s closing price on Friday and values the company at £138.7m. Continue reading...