Updated On
08/27/08 at 12:26PM
Hedge-funders trying to sell Orient-Express Hotels
21 Club
Hedge funds CR Intrinsic and D.E. Shaw, which own 14.3 percent of Orient-Express Hotels shares, have called for a special meeting so shareholders can vote to end the company's dual-class ownership structure, with the hope of putting it up for sale. Orient's board directors, who control the Class B shares own less than 1 percent of the company, are trying to fight the hedge funds by challenging their right to call a special meeting. Orient-Express Hotels owns the 21 Club and Cipriani in Venice.
A d v e r t i s e m e n t s
Comments
Leave a Comment:
irrelevant or repetitive, as well as inappropriate comments about anyone's personal appearance. The Real Deal
does not endorse any comments posted on its Web site.