Four Seasons Shareholder To Vote Against Buyout

Marisco Capital Management said that it plans to vote against a proposed $82 per share buyout of Four Seasons Hotels Inc. (NYSE: FS). It is one of the company's largest shareholders with nearly a 19% position. The buyout consortium includes 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.