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LaSalle Hotel sets record date for Blackstone merger vote

Published 07/20/2018, 07:05 PM
© Reuters.  LaSalle Hotel sets record date for Blackstone merger vote
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  • LaSalle Hotel Properties (NYSE:LHO) has set a record date for the vote in its merger with Blackstone (NYSE:BX).
  • Shareholders of record as of today's close (July 20, 2018) are entitled to vote at the company's special meeting to consider the deal.
  • The merger will need the affirmative vote of at least 66 2/3% of LaSalle's common shares at the meeting.
  • Under the terms, each issued and outstanding share of LaSalle at merger time will be converted into the right to receive $33.50 in cash. LaSalle closed at $35.14 today.
  • Previously: Pebblebrook takes another stab at getting LaSalle board to engage (Jul. 20 2018)
  • Previously: Pebblebrook Hotel urges LaSalle Hotel holders to vote against Blackstone deal (Jul. 10 2018)
  • Previously: LaSalle Hotel shareholder urges LHO board to negotiate with Pebblebrook (Jul. 02 2018)
  • Now read: Blackstone Group: Excellent Q2 Results To Bode Well For Future


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