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Accor hotel offers $930mn for Mantra

Bloomberg Accor SA, Europe’s biggest hotel operator, offered to buy Australia’s Mantra Group Ltd. in a deal valuing the hotel and resort company at $930 million. The French company offered A$3.96 per share in cash for Mantra and was given access to its books, the target said in a statement on Monday. Mantra shares jumped by a record 18 percent ...

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Donald Trump pours millions into money-losing Scottish golf course

Bloomberg From the 300-plus crystal chandeliers to the gold-plated taps in the bathrooms, Donald Trump has transformed a hotel overlooking one of the world’s most legendary golf courses into an eponymous glittering palace. Members gathering for their tee times say they love many of the changes at the Trump Turnberry resort in Scotland, but they doubt the president will ever ...

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Telkom suspends work with KPMG S Africa pending probe

Bloomberg Telkom SA SOC Ltd., South Africa’s largest landline operator, won’t award any new business to KPMG LLP’s local unit pending the outcome of an investigation into the firm by the country’s accountancy body. Any contracts underway with the auditor and consulting firm will be completed and their expiration dates will stand, the Pretoria-based company said in an email to ...

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