Four Seasons mails notice to holders of its convertible notes
17 March 2007 - 4:55AM
PR Newswire (US)
TORONTO, March 16 /PRNewswire-FirstCall/ -- Four Seasons Hotels
Inc. (TSX Symbol "FSH"; NYSE Symbol "FS") announced today that it
has mailed a notice to the holders of its 1.875% Convertible Senior
Notes due 2024 containing information in connection with the
proposed acquisition of Four Seasons by a newly formed company
owned by affiliates of Cascade Investment, L.L.C. (an entity owned
by William H. Gates III), Kingdom Hotels International, a company
owned by a trust created for the benefit of His Royal Highness
Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud and his family, and
Isadore Sharp. The notice, among other things, advises that, if the
transaction is completed, cash consideration will be delivered upon
any subsequent conversion of notes. DATASOURCE: Four Seasons Hotels
and Resorts CONTACT: Four Seasons Hotels Inc., John Davison, Chief
Financial Officer, (416) 441-6714; Barbara Henderson, Senior Vice
President, Corporate Finance, (416) 441-4408
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