Indian Hotels Company Ltd has written to bid target Orient-Express Hotels asking for a meeting to explain the benefits of its $1.2 billion bid for the U.S. luxury hotel group.
Vice chairman R. K. Krishna Kumar said in the letter on Friday Indian Hotels wanted to assure the Orient-Express board that the group would remain a separate and independent company with its own management and directors as per a Reuters report.
Indian Hotels, part of the Tata group conglomerate, last week offered $12.63 per Orient-Express share, a 40 percent premium to the stock's previous closing price, in a rare example of an unsolicited bid by an Indian firm.
Kumar said he wanted Tata Group chairman Ratan Tata and Italian sports carmaker Ferrari's chairman, Luca Cordero di Montezemolo, to meet Orient-Express.
Italian investment firm Montezemolo and Partners SpA would invest $100 million in a minority stake in the enlarged group.
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