The billionaire Reuben brothers have begun talks with US investor Cohen & Steers over the future of New York-listed leisure group Orient-Express.
The investors, who are shareholders in the group that owns upmarket hotels and travel assets including the railway business from which it took its name, believe the $1.9bn bid tabled last week by Tata's Indian Hotels Company undervalues the group. It is thought the pair are now looking at options including a joint counter bid.
David and Simon Reuben own a 6 per cent stake in the group while Steve Cohen's SAC Capital owns about 13 per cent. The group owns Le Manoir aux Quat'Saisons in Oxford, 49 hotels and six trains.Reuse content