Brief: Ashford hospitality trust proposes to acquire FelCor Lodging Trust at premium of 28 pct per share

Ashford

21/02/2017 13:00

Feb 21 (Reuters) - Ashford Hospitality Trust Inc  AHT.N : 
    * Ashford Hospitality Trust proposes to acquire FelCor 
Lodging trust at a significant premium of 28% per share to 
create compelling long-term shareholder value 
    * Deal for a total consideration of $9.27 per share, based 
on closing prices as of February 17, 2017 
    * Ashford Hospitality Trust - FelCor shareholders would 
receive fixed exchange ratio of 1.192 shares of Ashford trust, a 
total of 400,000 shares of FelCor inc 
    * Ashford Hospitality Trust - FelCor shareholders would also 
receive total of 100,000 warrants to purchase aAshford Inc. 
Shares 
    * Ashford Hospitality Trust Inc - FelCor shareholders would 
experience a dividend increase of over 138% in combined company 
 
Source text for Eikon:  ID:nPn1tcV8qa  
Further company coverage:  AHT.N  
 
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