Thursday, November 22, 2012

Indian Hotels May Raise Offer for Orient-Express

Striking Hostess workers express no regret over looming liquidation. “Anything is better than nothing,” the old saying goes, but try telling that to the striking bakery workers at Hostess, who are being blamed by some for pushing the maker of TwinkiesTata Group's Indian Hotels Co. (500850.BY) and a fund controlled by Italy's Montezemolo & Partners SpA may increase their $1.86 billion buyout offer for U.S.-listed Orient-Express Hotels Ltd. (OEH), a senior executive with knowledge of the discussions
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