PHRV

AcronymDefinition
PHRVParis Hotels Roissy Vaugirard (French holding company)
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References in periodicals archive ?
French property investment trust Fonciere Paris France (EPA:FPF) said that its board and adviser Detroyat et Associes will review the increased takeover offer from PHRV, after the latter had informed it of the bid's terms.
PHRV, acting together with FPF's shareholder Cofitem-Cofimur SA (EPA:CFTM), announced earlier this month in a statement in French daily Les Echos that it had raised its bid for FPF to EUR110 (USD148.4) a share from the initial EUR100 apiece offered in October.
Its board will present the issue to shareholders at their meeting on 8 December, FPF added.Country: , FranceSector: Banking/Financial Services, Construction/Real EstateTarget: Fonciere Paris France SABuyer: PHRV , Cofitem-Cofimur SAType: Corporate acquisitionStatus: Bidding
French property investment trust Fonciere Paris France (EPA:FPF) said that the revised hostile takeover bid by PHRV was still significantly lower than the companya[euro](tm)s value and its board would meet to issue a recommendation to shareholders as soon as it would be directly informed of the new offer.
PHRV, acting together with FPFa[euro](tm)s shareholder Cofitem-Cofimur SA (EPA:CFTM), said in a statement in French daily Les Echos that it had raised its bid for FPF to EUR110 (USD146) a share from the initial EUR100 apiece offered in October.
In response to the hostile takeover offer, FPFa[euro](tm)s board decided on 16 November to call a shareholders meeting on 8 December to vote on a share buyback proposal at EUR117 per share, the target company said in its statement today.Country: , FranceSector: Banking/Financial Services, Construction/Real EstateTarget: Fonciere Paris France SABuyer: PHRV , Cofitem-Cofimur SAType: Corporate acquisitionStatus: Bidding
Dumortier told Reuters that the offer, representing a 26% discount to FPFa[euro](tm)s net asset value per share, had no industrial project and PHRV had heavy debts.