SPANISH SMALL & MID CAPS

Hyatt stepped back from its counter bid for NH Hotels

The War For NH Hotels Evaporates In A Weekend

Last Friday the expected news arrived of the interest of Hyatt Hotels Corp in the Spanish hotel chain. The Chicago based company showed its interest in acquiring NH Hotels, through an alternative (or negotiation money) for the shareholders of NHH to the existing offer of Minor. But just as the offer arrived, it has evaporated and yesterday Hyatt stepped back from its counter bid for NHH.

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