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FeedsFarm.com > Fairmont facing auction block Analyst compares Icahn's hostile offer to opening bid at Christie's auction

Fairmont facing auction block Analyst compares Icahn's hostile offer to opening bid at Christie's auction

13th Dec 2005, 10:39 GMT

Carl Icahn's hostile $1.19-billion (U.S.) offer to buy a controlling stake in Fairmont Hotels and Resorts Inc. is almost certainly just the first bid in what is developing into a full-blown auction of the luxury hotel operator. (INSIDER Edition subscribers only)

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