City File: Savoy acts to shut the door on Forte
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.EXECUTIVES at Savoy Group have a jauntier air these days, possibly because they believe the luxury hotel group may at last be in a position to rebuff any bid move from Forte. Heading the list of anti-Forte measures is the likely placing of a crucial block of Savoy shares, previously held by the St Anselm property group and now in the hands of the receiver, with a friendly buyer. Also, they claim, Forte has grossly undervalued Savoy and would have difficulty mounting a credible campaign.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments