AccorHotels Acquisition

AccorHotels Raises the Price Offered in Its Tender Offer for Orbis Shares to a Final PLN 95.0 Per Share

Accor Group

On November 26, 2018, AccorHotels launched a Tender Offer for the acquisition of the 21,800,593 shares of Orbis it did not own on the day of the announcement, representing 47.31% of the share capital, at a price of PLN 87.0.

AccorHotels announces today a final increase of the offered price from PLN 87.0 to PLN 95.0. Other terms and conditions of the Offer remain unchanged.

PLN 95.0 represent:

  • a premium of 30.5% to the closing price of Orbis shares on November 23, 2018 (last close price before the Offer announcement),
  • an increase of 9.2% above the previous offered price of PLN 87.0.

The Offer remains unconditional. In accordance with the Tender Offer circular, the subscription period of the Offer ends on January 18, 2019.

Logos, product and company names mentioned are the property of their respective owners.