UPDATE 5-Italian tycoon Bonomi tops Chinese offer for Club Med

viernes 5 de diciembre de 2014 13:52 GYT
 

* Guo's Fosun says reviewing situation after Bonomi move

* Latest bid is the seventh since May last year

* Shares trade at premium to 915 million euro bid

* Guo's Fosun has until Dec. 19 to respond (Adds quotes from Bonomi at news conference, closing shares)

By Dominique Vidalon and Elisa Anzolin

PARIS/MILAN, Dec 5 (Reuters) - Italian tycoon Andrea Bonomi raised his takeover bid for Club Mediterranee to 24 euros a share on Friday, trumping a 23.50 euros offer for the struggling French holiday group from Chinese billionaire Guo Guangchang.

Bonomi's latest move in France's longest-running takeover battle values the loss-making group at 915 million euros ($1.1 billion). It is the seventh offer its investors have been asked to consider since May last year when Guo offered a low-ball 17 euros a share.

Shares in Club Med closed 2.18 percent higher at 24.32 euros, a sign that some investors expect the bidding to go higher. Bonomi had previously bid 23 euros per share.

Guo, through his Shanghai-based conglomerate Fosun , said he was "reviewing the situation".   Continuación...