Published on : Monday, July 30, 2018
As previously announced on May 21, 2018, LaSalle entered into the Blackstone Merger Agreement, under which Blackstone will acquire all outstanding common shares of beneficial interest of LaSalle for $33.50 per share in an all-cash transaction valued at $4.8 billion.
The Board remains committed to completing the Blackstone transaction, which is subject to customary closing conditions, including the approval of LaSalle’s shareholders. In that regard, and as separately announced, the Company today filed its definitive proxy statement with the Securities and Exchange Commission (the “SEC”), which includes the Board’s unanimous recommendation that LaSalle shareholders vote “FOR” the proposal to approve the merger and the other transactions contemplated by the Blackstone Merger Agreement by voting the WHITE proxy card.
LaSalle’s Special Meeting of Shareholders is scheduled to take place on September 6, 2018 at the Sofitel Washington DC Lafayette Square, 806 15th Street NW, Washington, DC 20005 at 10:00 a.m., local time. All LaSalle shareholders of record as of the close of business on July 20, 2018 will be entitled to vote their shares either in person or by proxy at the shareholder meeting.
Source:-LaSalle Hotel
Tags: Hotel News, LaSalle Hotel