Monday, 18 June 2007

UPDATE 1-Legacy Hotels says it has received takeover offers

(Reuters) - Legacy, owner of famed hotels such as the Fairmont Royal
York in Toronto and the Fairmont Empress in Victoria, British
Columbia, is Canada's biggest lodging real-estate investment
trust.




It said the takeover offers have been "in the range" of
C$12.60 per unit -- a premium of about 14 percent over its
trading price immediately before it first announced a strategic
review of its future on March 1.


Read more at Reuters.com Mergers News

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