LaSalle Board Of Directors Backs Blackstone's $4.8B Bid
By Darcy Reddan ( June 18, 2018, 6:58 PM EDT) -- Maryland-based real estate investment trust LaSalle Hotel Properties said Monday its board of trustees has determined that Pebblebrook Hotel Trust's $4.17 billion offer to acquire the company does not amount to a "superior proposal" under the terms of its $4.8 billion merger agreement with private equity firm Blackstone Group LP that includes debt....
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