(Reuters) -- Hong Kong-based conglomerate Jardine Matheson said on Friday its unit would buy the rest of the shares of Mandarin Oriental it does not already own, valuing the hotel investment and management firm at $4.2 billion.
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Jardine Matheson to take Mandarin Oriental private at $4.2bn value
Offer coincides with luxury chain's deal to sell top floors of Hong Kong tower to Alibaba
Hong Kong conglomerate Jardine Matheson intends to take Mandarin Oriental private. © Reuters
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