Swift selloff may be Fairmont's best move: analyst
15th Dec 2005, 15:26 GMT
TORONTO - Speeding up the sale of some assets may be the best way for Fairmont Hotels & Resorts to fend off an unsolicited $1.19 billion offer from billionaire investor Carl Icahn, an analyst said on Wednesday. National Bank Financial analyst Michael Smith said the asset sale, which Fairmont had already begun as part of efforts to boost shareholder value, would please investors long hungry for such a move.
Swift selloff may be Fairmont's best move: analyst related news:
- Fairmont facing auction block Analyst compares Icahn's hostile offer to opening bid at Christie's auction — The Globe and Mail - Andrew Willis Columns
- Fairmont Heritage Private Residences Come To San Francisco — Luxist: Journeys
- Fairmont To Partner With Turnberry Associates At The Fairmont Turnberry Isle Resort & Club In Miami- Agreement Includes Improved Long-term Management Contract and Renovation Plans - — mysan.de
- New arena perfect backdrop for Fairmont Firebirds — High school sports headlines from DaytonDailyNews.com
- Fairmont To Partner With Turnberry Associates At The Fairmont Turnberry Isle Resort & Club In Miami — PR Newswire: All Releases
- Fairmont hands Northmont its first loss in final seconds — High school sports headlines from DaytonDailyNews.com
- South Africa: Fairmont Hotel Group Invests On North Coast — AllAfrica News: Travel and Tourism
- Man injured in drive-by shooting — SignOnSanDiego.com: Local News
- 1996 Fairmont graduate grows as volunteer mentor — Kettering & Oakwood news from DaytonDailyNews.com
- Swift continues to disappoint — NBA Player News : CBS SportsLine.com
Latest news from KeralaNext: Business:
- Further rise Instanex Skindia DR Index
- DoT awaits Commerce Min's view on export promotion council
- BT applies for STD, ISD licences; ties up with Jubilent Enpro
- Indian software companies head to Japanese market
- Gold go up on firm global trend
- 57 pc telcos fall short to meet quality of service criteria
- Indian realty firm dreams big with Rs 1500cr listing in London
- UK telecom Co applies for STD, ISD licenses in India
- Qatar promises to give oil, natural gas to Japan
- Mitarai calls for cutting corporate tax rate to 30%