Mandarin Oriental shareholders approve go-private offer

Core Points - Jardine Matheson's plan to acquire the remaining 11.96% stake in Mandarin Oriental has been approved by a majority of independent shareholders [1] - The total value of the go-private deal is $4.2 billion, which was first announced in October alongside a $925 million sale of property to Alibaba Group and Ant Group [2] - The acquisition is expected to be finalized by February 28, 2026, pending legal and regulatory approvals, with an offer price of $3.35 per share [3] Company Overview - Mandarin Oriental currently operates 43 hotels, 12 residences, and 26 homes across 26 countries [4] - The company has recently announced a layoff of 430 employees related to the redevelopment of its Miami property [4] - There is a commitment to expand its presence in North America, particularly in the United States [4]