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HNA announces a recommended all cash offer to acquire SIX listed gategroup
On 11 April 2016, Chinese HNA Group Co., Ltd. (“HNA”) announced an all cash public tender offer for all publicly held registered shares of gategroup Holding AG (“gategroup”) at a price of CHF53 per share. Including the dividend, the offer price represents a 37.8% premium to the volume weighted average price during the last 60…
Reference: CapLaw-2016-23