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<span style="font-weight: bold">News Source: OTGNR - </span>
<span style="font-weight: bold"> Confirmed : # Jamaica Pegasus Hotel share offer opens ( RJR )...</span>
The offer to purchase the remaining shares in the Jamaica Pegasus Hotel opens Wednesday. The offer, which is being made by the Kevin Hendrickson-led Quinvin Holdings, will close on February 10.Quinvin recently acquired the government's 60% stake from the Urban Development Corporation (UDC) and has now made a bid to acquire the 40% that is owned by other shareholders. Thirteen dollars 14 cents is being offered for each of the remaining 48.3 million shares. An US$8 million loan from RBTT Jamaica to the Courtleigh Hotels will be used to cover the cost of the takeover bid.
<span style="font-weight: bold"> Confirmed : # Jamaica Pegasus Hotel share offer opens ( RJR )...</span>
The offer to purchase the remaining shares in the Jamaica Pegasus Hotel opens Wednesday. The offer, which is being made by the Kevin Hendrickson-led Quinvin Holdings, will close on February 10.Quinvin recently acquired the government's 60% stake from the Urban Development Corporation (UDC) and has now made a bid to acquire the 40% that is owned by other shareholders. Thirteen dollars 14 cents is being offered for each of the remaining 48.3 million shares. An US$8 million loan from RBTT Jamaica to the Courtleigh Hotels will be used to cover the cost of the takeover bid.