The board of Radisson Hospitality AB has recommended shareholders reject an improved offer from Chinese investor Jin Jiang. The final, improved offer still undervalues the group’s prospects, they have said.
An independent assessment says there is a lack of clarity over Jin Jiang’s plans for the company, compared with the current five year plan, which is being successfully implemented. Shareholders have until February 4 to decide whether to accept the SEK42.50 per share cash offer.
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