Ashford Prime, Sessa in talks to avoid proxy fight -sources

Ashford

25/01/2017 20:49

NEW YORK, Jan 25 (Reuters) - Real estate investment trust 
Ashford Hospitality Prime Inc  AHP.N  is in settlement talks 
with Sessa Capital to avoid a second proxy fight with the hedge 
fund company, according to people familiar with the matter.  
    Ashford's deadline for nominating directors to its board 
expires on Wednesday, adding pressure for the two sides to reach 
an agreement. If a deal is not struck, Sessa plans to nominate 
another slate of directors at the company's annual meeting, 
people familiar with the matter said.  
    Sessa lost its previous attempt at a proxy fight last year.  
    Ashford and Sessa could not immediately be reached for 
comment.  
     
 
 (Reporting by Michael Flaherty; Editing by Andrew Hay) 
 ((michael.flaherty@thomsonreuters.com; 646-223-6116; Reuters 
Messaging: michael.flaherty.thomsonreuters.com@reuters.net)) 
 
Keywords: ASHFORD HOSP PRM SESSA/