Mandarin Oriental taken private as Jardine Strategic completes cash acquisition and moves to delist shares on 20 January
Summary:
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Jardine Strategic Limited, a wholly owned subsidiary of Jardine Matheson, has completed the recommended cash acquisition of the remaining 11.96% of Mandarin Oriental International it did not already own via a Bermuda scheme of arrangement, so Bidco now owns 100% of the company.
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Trading in Mandarin Oriental shares has already been suspended in London, Singapore and Bermuda, and applications have been made to cancel the listings on all three exchanges effective 20 January 2026 (local times).
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Independent shareholders as of the scheme record time (6:00 p.m. Bermuda time on 16 January 2026) are entitled to receive US$2.75 in cash per share, with settlement to be effected as soon as reasonably practicable in line with the scheme document.
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The court has sanctioned the scheme and the order has been registered, meaning all conditions to completion have been satisfied and the acquisition is now effective and binding on all shareholders.