Playa Hotels & Resorts N.V. $(PLYA)$ has announced that it has received all necessary regulatory approvals, including antitrust clearance in Mexico under Ley Federal de Competencia Económica, for its pending sale to HI Holdings Playa B.V., a subsidiary of Hyatt Hotels Corporation $(H)$. This marks the final regulatory approval required for the transaction. The tender offer by Hyatt, offering $13.50 per share in cash to acquire all outstanding ordinary shares of Playa, is set to expire on June 9, 2025. Following the satisfaction of all conditions, Playa intends to voluntarily delist from Nasdaq. Completion of the acquisition is expected around June 17, 2025, subject to the satisfaction of the tender offer conditions.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.