International hotel group PPHE (LON:PPHE) revealed it had received a cash bid valuing the company at £930 million. The board said it had considered the bid, and thought it represented fair value. The proposal, from Fattal Holdings, prices the shares at £22 each, a 36% premium to the previous close of £16.12. Shareholder pressure In … Continue reading PPHE calls £930 million bid ‘fair value’