Four Seasons Gets Offer

Four Seasons Hotels Inc. (NYSE: FS) has received an $82 per share buyout offer from company Cascade Investment (backed by Bill Gates), Kingdom Hotels International (backed by Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud) and Four Seasons chairman and CEO Isadore Sharp. The total deal would value Four Seasons at approximately $3.7 billion.