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New York

Hedge-funders trying to sell Orient-Express Hotels

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Hedge funds CR Intrinsic and D.E. Shaw, which own 14.3 percent of Orient-Express Hotels shares, have called for a special meeting so shareholders can vote to end the company’s dual-class ownership structure, with the hope of putting it up for sale. Orient’s board directors, who control the Class B shares own less than 1 percent of the company, are trying to fight the hedge funds by challenging their right to call a special meeting. Orient-Express Hotels owns the 21 Club and Cipriani in Venice.