The announcement from Elegant and International Hotel Licensing Company S.à r.l. was recently issued over London’s Regulatory News Service.
On October 18, the boards of Elegant Hotels Group plc (Elegant) and International Hotel Licensing Company S.à r.l. (IHLC), a wholly-owned indirect subsidiary of Marriott International, Inc. (Marriott), announced that they had reached agreement on the terms of a recommended all cash offer to be made by IHLC for the entire issued and to be issued ordinary share capital of Elegant (the acquisition).
On December 06, Elegant and Marriott announced that the court had sanctioned the scheme.
Elegant and Marriott are pleased to announce that the court order had been delivered to the registrar of Companies and accordingly the scheme has now become effective, in accordance with its terms. Elegant is now a wholly owned subsidiary of IHLC.