LaSalle Hotel Properties (NYSE: LHO) said Monday it plans to sell to an affiliate of private equity group Blackstone Group LP in an all-cash deal worth $4.8 billion. The two firms have entered into an agreement in which Blackstone (NYSE: BX) will acquire all outstanding shares of Bethesda-based LaSalle for $33.50 per share in cash. Blackstone’s offer topped that of another Bethesda company, Pebblebrook Hotel Trust (NYSE: PEB), which revealed its “final offer” of $32.49 per share for LaSalle in late…
from https://www.bizjournals.com/baltimore/news/2018/05/21/bethesdas-pebblebrook-hotel-trust-loses-in-bid-to.html?ana=RSS&s=article_search
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