Pebblebrook Hotel Trust Releases Letters to LaSalle Hotel Properties Proposing Merger
Pebblebrook Hotel Trust Common Shares of Beneficial Interest (PEB)
Last pebblebrook hotel trust common shares of beneficial interest earnings: 2/20 04:06 pm
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Source: Business Wire
BETHESDA, Md.--(BUSINESS WIRE)-- Pebblebrook Hotel Trust (NYSE: PEB) (“Pebblebrook“) today released two letters, dated March 6, 2018 and March 20, 2018, to LaSalle Hotel Properties (NYSE: LHO) (“LaSalle”) in which Pebblebrook proposed a share-for-share merger. The proposal represented an implied merger price of $30.001 per LaSalle common share, representing a premium of 18.0% to LaSalle's trailing 10-day VWAP as of March 5, 2018, based on the proposed fixed exchange ratio of 0.8655 Pebblebrook common shares for each LaSalle common share. As of the close on March 27, 2018, the implied merger price was $29.952 per LaSalle common share, representing a premium of 17.4% to LaSalle’s trailing 10-day VWAP as of March 27, 2018. As was communicated orally to LaSalle following receipt of LaSalle’s letter response dated March 22, 2018, Pebblebrook is prepared to engage in discussions around price and mix of conside
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PEB
Earnings
- 4/23/24 - In-Line
PEB
Sec Filings
- 4/23/24 - Form 8-K
- 4/23/24 - Form 10-Q
- 4/23/24 - Form ARS
- PEB's page on the SEC website