Club Med Plans Buyout With Two Largest Shareholders

Club Med Plans Buyout With Two Largest Shareholders Play

May 27 (Bloomberg) -- Bloomberg markets Editor Manus Cranny reports that Club Mediterranee board announced that it received a takeover bid from management and the two largest shareholders, Axa Private Equity and Fosun International Ltd, that values the company at $699 million. He speaks on Bloomberg Television's "The Pulse."

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