BRIEF-Ashford Announces Definitive Agreement To Acquire Remington's Project Management Division [Reuters]
Ashford Inc. (Holding Company) (AINC)
NASDAQ:AMEX Investor Relations:
ashfordinc.com
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Source: Reuters
BRIEF-Ashford Announces Definitive Agreement To Acquire Remington's Project Management Division | Reuters Reuters Staff 1 Min Read April 9 (Reuters) - Ashford Inc: * ASHFORD ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE REMINGTON’S PROJECT MANAGEMENT DIVISION * CONSIDERATION IN FORM OF CONVERTIBLE PREFERRED STOCK CONVERTIBLE AT $140 PER SHARE * TRANSACTION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO ADJUSTED NET INCOME PER SHARE * COMPANY WILL ACQUIRE REMINGTON’S PROJECT MANAGEMENT BUSINESS FOR A TOTAL TRANSACTION VALUE OF $203 MILLION * BOARD OF DIRECTORS UNANIMOUSLY APPROVED TRANSACTION AND RECOMMENDED ITS APPROVAL BY COMPANY’S STOCKHOLDERS * PURCHASE PRICE WILL BE PAID BY ISSUING VOTING, CONVERTIBLE PREFERRED STOCK TO SELLERS * UPON CLOSING OF TRANSACTION, SELLERS WILL HAVE RIGHT TO NOMINATE TWO DIRECTORS TO CO’S BOARD OF DIRECTORS Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com) All quotes delayed a minimum of 15 minutes. See here for a complete li
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News
- Ashford Inc. (NYSE: AINC) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- ASHFORD HOSPITALITY TRUST ANNOUNCES CEO SUCCESSION PLAN [Yahoo! Finance]Yahoo! Finance
- Ashford Inc. (NYSE: AINC) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Ashford Inc. (NYSE: AINC) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
- Ashford Inc. (NYSE: AINC) is now covered by analysts at StockNews.com. They set a "buy" rating on the stock.MarketBeat
AINC
Earnings
- 11/8/23 - Miss
AINC
Sec Filings
- 4/18/24 - Form SC
- 4/18/24 - Form 8-K
- 4/16/24 - Form SC
- AINC's page on the SEC website