Four Seasons Hotels Inc. Special Committee Appoints Financial Advisor
10 11월 2006 - 9:41AM
PR Newswire (US)
TORONTO, Nov. 9 /PRNewswire-FirstCall/ -- The special committee of
the Board of Directors of Four Seasons Hotels Inc. (TSX: "FSH";
NYSE: "FS") today announced the appointment of Merrill Lynch as its
financial advisor and Osler, Hoskin & Harcourt LLP as its legal
advisor. As previously announced by Four Seasons on November 6,
2006, the special committee of independent directors was formed to
review and consider the proposal received by the Board from Isadore
Sharp and Triples Holdings Limited (the controlling shareholder of
Four Seasons), Kingdom Hotels International, a company owned by a
trust created by His Royal Highness Prince Alwaleed Bin Talal Bin
Abdulaziz Alsaud, and Cascade Investment, L.L.C. (an entity owned
by William H. Gates III) to pursue a transaction through which Four
Seasons would be taken private. The special committee has also been
authorized to make recommendations to the Board and, in accordance
with Canadian securities laws, to supervise the preparation of a
formal valuation in connection with the proposed transaction.
DATASOURCE: Four Seasons Hotels and Resorts CONTACT:
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