Oct 9 (Reuters) - Australian hotel company Mantra Group MTR.AX said on Monday it had received an indicative proposal from French hotel group Accor SA ACCP.PA at A$3.96 per share for a buyout price of A$1.18 billion ($916.98 million).
Accor has been granted access to due diligence to determine if a deal can be agreed upon and recommended unanimously by the Mantra board, Mantra said in a statement to the Australian Securities Exchange.
($1 = 1.2868 Australian dollars)