NexPoint Hospitality Trust has missed another deadline to sew up its $318 million deal to acquire Condor Hospitality Trust Inc. Bethesda’s Condor (NASDAQ: CDOR) said Tuesday it is continuing discussions with NexPoint about closing the deal, but that it is “also reviewing its options.” Under the terms of the agreement, NexPoint, which is co-headquartered in Dallas and Toronto, will be required to pay Condor $11.93 million if the deal is terminated. Condor is subject to a $9.54 million termination…
from https://www.bizjournals.com/baltimore/news/2020/03/24/bethesda-hospitality-reit-reviewing-its-options.html?ana=RSS&s=article_search
via https://baltimorecheckbook.tumblr.com/post/613486527345049600
No comments:
Post a Comment