Mandarin Oriental to Go Private in Deal Valued at $4.2 Billion
Mandarin Oriental is being taken private by its majority shareholder as part of a broader reset. The company is cutting real estate, revamping its brand, and aiming to scale more quickly.
Mandarin Oriental is set to go private in a deal that values the luxury hotel company at $4.2 billion, as Hong Kong-based conglomerate Jardine Matheson moves to take full ownership.
The hotel group said Friday that longtime shareholder Jardine Matheson would acquire the remaining 11.96% of shares it doesn’t already own for $3.35 per share.
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