Top Investors Seek to Buy Club Med for $700 Million

Club Mediterranee’s top shareholders plan to take over the French holiday firm in a bid that values it at around 541 million euros ($700 million), to accelerate its shift to fast-growing emerging markets.

Chinese investor Fosun International and AXA Private Equity said on Monday they would team up with management to offer 17 euros a share for the stock they do not already own — a 23 percent premium to Friday’s closing price.

Chief Executive Officer Henri Giscard d’Estaing, who …

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