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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