US EditionHyatt Announces Receipt of All Required Regulatory Approvals for Pending Acquisition of Playa Hotels & Resorts N.V.
- Hyatt proposed to purchase all existing common shares of Playa Hotels & Resorts N.V. For $13.50 per share in cash, with the offer set to expire on June 9, 2025.
- The tender offer followed regulatory reviews, including final antitrust approval in Mexico, and required satisfaction of minimum tender and other closing conditions.
- Provided all conditions are met, payment for the shares submitted in the tender offer is anticipated to occur around June 11, followed by a new tendering window from June 10 through June 16 for any remaining Playa ordinary shares.
- Playa has informed Nasdaq of its plan to voluntarily remove its ordinary shares from the exchange, with a removal filing expected to occur around June 16, 2025.
- If all conditions are met, Hyatt anticipates owning all Playa shares on or about June 17, 2025, completing the acquisition under the Purchase Agreement.
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LoudounTimes.com+29 Reposted by 29 other sources
Playa Hotels & Resorts N.V. Announces Mexican Antitrust Approval of Pending Sale to Hyatt and Intent to Voluntarily Delist from the Nasdaq Subject to and Conditioned Upon the Expiration of the Tender Offer and Acquisition of Ordinary Shares by Hyatt
Hyatt Tender Offer Scheduled to Expire June 9, 2025
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