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Indian Hotels says no decision yet on Orient-Express bid

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Reuters MUMBAI
Last Updated : May 30 2013 | 9:07 PM IST

MUMBAI (Reuters) - Indian Hotels Co Ltd said on Thursday it had not decided on whether to revise its bid to acquire Orient-Express Hotels Ltd .

In November, U.S.-listed Orient-Express, which owns the Hotel Cipriani in Venice and the '21' Club in New York, rejected a $1.2 billion unsolicited takeover offer from Indian Hotels as too cheap.

"The board has not yet taken a decision on the Orient-Express bid. Different options are open to us," Anil Goel, executive director for finance, told reporters on Thursday.

(Reporting by Aditi Shah; Writing by Tony Munroe; Editing by Sumeet Chatterjee)

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First Published: May 30 2013 | 8:55 PM IST

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