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Mantra Group share surge as hotel sector booms

People & Companies / Latest News

Australia

Mar 28 2017

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Carolyn Cummins, The Sydney Morning Herald

Mantra hotel group has seen its shares surge 12.6 per cent, amid a fresh round of takeover speculation with a range of names, including the Hyatt and InterContinental Hotel groups, mentioned as possible suitors.

Its price has risen 32¢ to $2.93, on unusually heavy turnover of about 8.4 million shares, and any offer would likely be above $1 billion for the whole business.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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