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Indian Hotels Co. and a fund controlled by Italy's Montezemolo & Partners SpA may increase their buyout offer for Orient-Express Hotels Ltd., according to reports.
Reports stated that the higher bid would be an attempt to entice major shareholders of the Bermuda-based luxury property operator.
Earlier this month, the board of Orient-Express rejected Indian Hotels' unsolicited offer saying in a letter that it was "deeply unattractive from a financial perspective."
India Infoline News Service / 08:59, Sep 15, 2014
Many a times parents overlook other goals as they are too busy focusing on just one goal, that is on their child's education. They are too emotionally involved in achieving this particular goal that they forget planning for their retirement and saving for other emergencies.