OTHER NEWS - Sept. 28, 1994
From Times Staff and Wire Reports
Saudi Prince May Get Stake in Four Seasons: Four Seasons Hotels Inc. said Saudi Prince al-Waleed bin Talal bin Abdulaziz al Saud offered to acquire a 25% stake in the Toronto hotel chain for $122.1 million. Four Seasons Chairman Isadore Sharp also intends to sell to Prince al-Waleed, who bought 24% of the struggling Euro Disney theme park near Paris in June, a quarter of his personal holdings in the hotel operator for $22 a share. Four Seasons said its board reviewed the transactions and will recommend that shareholders accept the offer.
