(Reuters) - MWB had planned to sell its Malmaison and Hotel du Vin
portfolio to Vector Hospitality and return the cash to
shareholders. But the deal lapsed last week after Vector shelved
its $3.6 billion initial public offering, blaming for weak
market conditions.
The IPO has been questioned by many investors for creating
potential conflicts of interest, partly because of the multiple
roles of MWB's Chief Executive Richard Balfour-Lynn as seller,
buyer and manager of the assets.
Read more at Reuters.com Mergers News
portfolio to Vector Hospitality and return the cash to
shareholders. But the deal lapsed last week after Vector shelved
its $3.6 billion initial public offering, blaming for weak
market conditions.
The IPO has been questioned by many investors for creating
potential conflicts of interest, partly because of the multiple
roles of MWB's Chief Executive Richard Balfour-Lynn as seller,
buyer and manager of the assets.
Read more at Reuters.com Mergers News
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