LaSalle Hotel Properties is sticking with its plan to sell to Blackstone, scheduling a shareholder vote on the deal for Sept. 6 and once again rebuffing Pebblebrook Hotel Trust’s attempt to merge with LaSalle. LaSalle (NYSE: LHO) said Monday that it had reviewed Pebblebrook’s (NYSE: PEB) offer, a mix of stock and cash, but it “does not constitute and could not reasonably be expected to lead to a ‘superior proposal’” compared with its sale to private equity giant Blackstone (NYSE: BX).…
from https://www.bizjournals.com/baltimore/news/2018/07/30/lasalle-sets-shareholder-vote-on-blackstone-deal.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/176451922142
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