Timeshare company Diamond Resorts International Inc., with its heavy insider ownership and a low trading multiple, is a likely candidate to go private as a result of a previously announced strategic review, a source familiar with the company told The Deal's Laura Berman. The source thinks that Diamond could be taken private for $32 to $35 a share, for a total deal value of $2.23 billion to $2.44 billion, pointing to Starwood Hotels and Resorts Worldwide Inc.'s $1.5 billion sale of its timeshare business, Vistana Signature Experiences, to Diamond rival Interval Leisure Group Inc. following a planned spinoff. Las Vegas-based Diamond, which has a network of more than 375 vacation destinations in 35 countries, said Feb. 24 that it had retained Centerview Partners LLC to explore strategic alternatives.
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