Pebblebrook Hotel Trust, as expected, is still trying to get its hands on LaSalle Hotel Properties. Bethesda-based LaSalle (NYSE: LHO) has already agreed to sell to an affiliate of Blackstone Group LP in an all-cash deal worth about $4.8 billion — or $33.50 per share. On Monday, Bethesda-based Pebblebrook (NYSE: PEB), which has long expressed a desire to merge with LaSalle, upped its offer to $37.80 per share, what it describes as a 13 percent premium. “Our acquisition proposal is superior,…
from https://www.bizjournals.com/baltimore/news/2018/06/11/pebblebrook-hotel-trust-ups-its-bid-for-lasalle.html?ana=RSS&s=article_search
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