Some 61.3% of Gategroup’sshareholders tendered their stock for the acquisition by HNA Group, which falls short of the required 67% buy-in. Nevertheless, analysts are predicting that HNA’s $1.4bn offer for the the world’s second-biggest airline will still go through. The acquisition was unanimously supported by the Swiss company’s directors in April.
HNA’s bid for Gategroup
Some 61.3% of Gategroup’sshareholders tendered their stock for the acquisition by HNA Group, which falls short of the required 67% buy-in. Nevertheless, analysts are predicting that HNA’s $1.4bn offer for the the world’s second-biggest airline will still go through. The acquisition was unanimously supported by the Swiss company’s directors in April.