Monday, July 2, 2007

UPDATE 1-Cerberus may sell Imperial Hotel stake--Nikkei

(Reuters) - The investment firm has narrowed its list of bidders to
property firms Mitsubishi Estate Co. Ltd. and Mitsui
Fudosan Co. Ltd., and it hopes to select a buyer by the
end of the year, the report said, citing people familiar with the
matter.




The news sent Imperial Hotel's shares up by their daily limit
of 500 yen, or 11.4 percent, to 4,880 yen in afternoon dealings.


Read more at Reuters.com Mergers News

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