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Fairmont Plan Of Arrangement Receives Final Regulatory Approvals

Fairmont Plan Of Arrangement Receives Final Regulatory Approvals

Category: North America & West Indies / Carribean islands
This is a press release selected by our editorial committee and published online for free on 2006-05-08

Fairmont Hotels & Resorts Inc. ("Fairmont" or the "Company") (TSX/NYSE: FHR) today announced that all regulatory approvals required to complete the acquisition of Fairmont's outstanding common shares by a company owned by affiliates of Kingdom Hotels International and Colony Capital have been obtained. Currently, the expected date for the completion of the transaction is May 11th. Under the terms of the Arrangement, the Company's shareholders will receive US$45.00 in cash for each Fairmont common share.



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