(Reuters) Hedge fund HG Vora Capital Management LLC on Monday urged LaSalle Hotel Properties Inc to negotiate with fellow U.S. hotel owner Pebblebrook Hotel Trust for a better offer after taking about 7.1 percent stake in LaSalle. Pebblebrook had last week disclosed that it had offered to buy LaSalle in an all-stock deal that valued the company at more than $3 billion. The offer was rejected by LaSalle’s board.
HG Vora Capital Urges LaSalle for Sale After Buying 7 pct Stake
This entry was posted in Syndicated. Bookmark the permalink.
