Gaylord Defends $210M Marriott Deal After TRT Cries Foul

Law360, New York (July 20, 2012, 1:54 PM EDT) -- Gaylord Entertainment Co. lodged a biting response Thursday to attacks from top shareholder TRT Holdings Inc. that accuse Gaylord of shortchanging investors in a $210 million deal to sell its hotel brand and management rights to Marriott International Inc.

Nashville-based Gaylord maintained that the sale and its subsequent plans to restructure as a real estate investment trust are in the best interest of its stockholders. TRT, which is Gaylord's largest stockholder and the owner of Omni Hotels & Resorts, on Tuesday publicly lambasted Gaylord for inking...
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