Four Seasons mails second notice to holders of its Convertible Notes
April 13 2007 - 5:30PM
PR Newswire (US)
TORONTO, April 13 /PRNewswire-FirstCall/ -- Four Seasons Hotels
Inc. (TSX Symbol "FSH"; NYSE Symbol "FS") announced today that it
has mailed a notice to the holders of its 1.875% Convertible Senior
Notes due 2024 containing information in connection with the
proposed acquisition of the Company by FS Acquisition Corp., a
newly formed company owned by affiliates of Cascade Investment,
L.L.C. (an entity owned by William H. Gates III), Kingdom Hotels
International (a company owned by a trust created for the benefit
of His Royal Highness Prince Alwaleed Bin Talal Bin Abdulaziz
Alsaud and his family) and Isadore Sharp. The notice, among other
things, advises holders of notes that the proposed acquisition and
a subsequent amalgamation of the Company and FS Acquisition Corp.
will, if completed, result in the notes being convertible under,
and in accordance with, the indenture governing the notes. This
news release contains "forward-looking statements" within the
meaning of applicable securities laws relating to the proposal to
take Four Seasons Hotels Inc. private, including statements
regarding the terms and conditions of the proposed transaction.
Readers are cautioned not to place undue reliance on
forward-looking statements. Actual results and developments may
differ materially from those contemplated by these statements
depending on, among other things, the risks that the parties will
not proceed with a transaction, that the ultimate terms of the
transaction will differ from those that currently are contemplated,
and that the transaction will be not be successfully completed for
any reason (including the failure to obtain the required approvals
or clearances from regulatory authorities). The statements in this
news release are made as of the date of this release and, except as
required by applicable law, we undertake no obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise. Additionally, we
undertake no obligation to comment on analyses, expectations or
statements made by third parties in respect of Four Seasons, its
financial or operating results or its securities or any of the
properties that we manage or in which we may have an interest.
DATASOURCE: Four Seasons Hotels and Resorts CONTACT: John Davison,
Chief Financial Officer, (416) 441-6714; Barbara Henderson, Senior
Vice President, Corporate Finance, (416) 441-4408
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