Saudi Prince Alwaleed bin Talal and an investment firm owned by Microsoft Corp. Chairman Bill Gates have launched an offer for Four Seasons Hotels Inc. on Monday in a move aimed at privatizing the Canadian luxury hotelier. News of the bid, which values the company at $3.7 billion, from two of the world’s richest men sent the company’s stock leaping by more than 30%, quickly topping the bid price of $82 a share in cash.
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