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LaSalle Hotel Properties to Review Revised Unsolicited Proposal from Pebblebrook Hotel Trust

7 days ago   |   By

LaSalle Hotel Properties today confirmed that it received a revised unsolicited proposal from Pebblebrook Hotel Trust on April 13, 2018 to acquire LaSalle in a transaction with consideration of 0.8944 common shares of Pebblebrook per common share of LaSalle, with the option for LaSalle shareholders to elect to receive cash up to a maximum of 15% in aggregate of the consideration, subject to proration.
Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the LaSalle Board of Trustees will carefully review Pebblebrook's revised proposal to determine...
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