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Inspirato declines $43M takeover bid by Exclusive Resorts
['Max Scheinblum']
BusinessDen
The Denver-based luxury travel firm said Monday that it had officially declined an unsolicited acquisition offer from Exclusive Resorts.
Exclusive, a fellow Denver-based vacation club, approached publicly traded Inspirato earlier this month seeking to take the company private for $3.15 a share.
Brad and Brent Handler, the brothers who founded both Inspirato and Exclusive, have also demanded to look into Inspirato’s books.
The pair, who each own about 4% of Inspirato, supported Exclusive’s takeover bid.
“Inspirato is stronger today than at any point in its recent history,” Zamani said in a statement.