Jardine Matheson to buy remaining 11.96% stake in Mandarin Oriental

Hong Kong-headquartered conglomerate Jardine Matheson Holdings has agreed to acquire the remaining 11.96% stake that it does not already own in Mandarin Oriental. The company is offering $3.35 for each Mandarin Oriental share, including $2.75 in cash and a special dividend of $0.60 per share in cash (OCB dividend). On 17 October, Mandarin Oriental also entered an agreement with Alibaba Group and Ant Group. Under this agreement, Alibaba and Ant will acquire the top 13 floors of One Causeway Bay mixed-use ...