Orient-Express (OEH) Acknowledges Receipt of Offer from Indian Hotels
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JPMorgan Downgrades Orient-Express Hotels Ltd. (OEH) to Neutral
October 19, 2012 9:01 AM EDTJPMorgan downgraded Orient-Express Hotels Ltd. (NYSE: OEH) from Overweight to Neutral with a price target of $12.00 after yesterday's takeover offer.
For an analyst ratings summary and ratings history on Orient-Express Hotels Ltd. click... More
Notable Mergers and Acquisitions of the Day 10/18: (ACE) (WCC) (OEH) (PRGS)
October 18, 2012 10:55 AM EDTACE Limited (NYSE: ACE) announced today that it has reached a definitive agreement to acquire ABA Seguros in Mexico from Ally Financial Inc. for approximately $865 million in cash.
Established in 1958, ABA Seguros is Mexicos sixth-largest property and casualty (P&C) insurer and provides auto, homeowners and small business coverages. Based in Monterrey, the company has over 30 sales offices throughout Mexico and distributes its products through a network of nearly 2,000 independent agents as well as through auto dealerships, banks and direct channels.
The transaction is expected to be completed.
... More
UPDATE: Orient-Express Hotels (OEH) Surges as Indian Hotels Seeks to Buy Remaining Shares for $12.63
October 18, 2012 10:29 AM EDT(Updated - October 18, 2012 10:41 AM EDT)
(Updated - October 18, 2012 10:31 AM EDT)
Orient-Express Hotels Ltd. (NYSE: OEH) is surging higher mid-day following news that 6.9% shareholder Indian Hotels seeks to acquire the rest of the company.
"At a meeting of... More
