Deal Snapshot
HOMEINNS HOTEL CLOSES "GOING PRIVATE" MERGER WITH BTG
Tuesday 05 April 2016

Chinese hotel chain operator Homeinns Hotel Group has been acquired by Chinese hotel operator BTG Hotels Co., the company said.
Under the deal, BTG acquired Homeinns Hotel for cash consideration of USD 17.90 in cash per ordinary share of the company or USD 35.80 in cash per American depositary share of the company each of which represents two shares. The deal is worth USD 1.7bn.


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Details
Date Published: 05/04/2016
Target: Homeinns Hotel Group
Country: China
Deal Size: 1.7bn (USD)
Sector: Hotels/Restaurants/Casinos/Catering
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor:
Buyer: BTG Hotels Co
Buyer Advisor: Huatai United Securities Co., Ltd , CITIC Securities Co , UBS AG , Skadden, Arps, Slate, Meagher and Flom LLP , Jun He Law Offices , Concord Partners , Walkers
Comment:
Homeinns shareholders to vote on 25 March

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