Brief: Braemar Hotels & Resorts Inc - Entered Into A Cooperation Agreement With Blackwells Parties

Braemar Hotels & Resorts

02/07/2024 22:36

July 2 (Reuters) - Braemar Hotels & Resorts Inc  BHR.N :
    * BRAEMAR HOTELS & RESORTS INC -  ENTERED INTO A COOPERATION
AGREEMENT WITH BLACKWELLS PARTIES
    * BRAEMAR HOTELS & RESORTS- BLACKWELLS PARTIES AGREED TO
WITHDRAW
NOTICE GIVEN TO CO ON MARCH 10 PURPORTING TO NOMINATE 4 DIRECTOR
CANDIDATES TO BOARD
    * BRAEMAR HOTELS & RESORTS INC -  PURSUANT TO AGREEMENT,
BOARD TO
TAKE STEPS TO SELECT ADDITIONAL INDIVIDUAL TO BE APPOINTED TO AS
INDEPENDENT DIRECTOR
    * BRAEMAR HOTELS & RESORTS INC - BLACKWELLS TO WITHDRAW
PROXY
SOLICITATION AND VOTE IN FAVOR OF ALL BRAEMAR NOMINEES AND
PROPOSALS
    * BRAEMAR HOTELS & RESORTS - UNDER COOPERATION AGREEMENT,
BLACKWELLS COMMITTED TO PURCHASE 3.5 MILLION SHARES OF BRAEMAR’S
STOCK IN THE OPEN MARKET
    * BRAEMAR HOTELS & RESORTS INC - BLACKWELLS  ENTERED INTO A
MULTI-YEAR STANDSTILL WITH VOTING COMMITMENTS IN CONNECTION WITH
THE COOPERATION AGREEMENT
    * BRAEMAR HOTELS & RESORTS INC - CO, BLACKWELLS AGREED TO
RELEASE
ALL LEGAL CLAIMS ARISING PRIOR TO SETTLEMENT AND DISMISS
RESPECTIVE ACTIONS

Source text for Eikon:  ID:n0001104659-24-077431 
Further company coverage:  BHR.N 

 ((Reuters.Briefs@thomsonreuters.com;))