Bahrain Tourism gets two takeover offers

Mubasher: Bahrain Tourism received on 13 March two separate acquisition offers from Gulf Hotels Group and Al-Jazeera Tourism, according to a bourse statement.

Gulf Hotels said it has submitted a voluntary, conditional offer to fully take over Bahrain Tourism which said it is a swap deal.

Meanwhile, Al-Jazeera offered to acquire up to 100% of Bahrain Tourism stake through a cash offer. 

Mubasher Contribution Time: 15-Mar-2016 11:43 (GMT)