Bethesda-based LaSalle Hotel Properties (NYSE: LHO) expects its sale to Blackstone to close as soon as August after rejecting a competing offer from Pebblebrook Hotel Trust. The LaSalle board, which received Bethesda-based Pebblebrook’s latest bid on June 11, took about six days to review it and return its attention to Blackstone, which will acquire the company for $33.50 per share in an all-cash transaction valued at about $4.8 billion. Pebblebrook argued its most recent offer, $37.80 per share,…
from https://www.bizjournals.com/baltimore/news/2018/06/18/lasalle-hotel-trust-affirms-blackstone-deal.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/175011526322
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