Brief: Clarke Inc. Enters Into Agreement To Acquire Holloway Lodging Corporation

Clarke

09/08/2019 12:31

Holloway Lodging Corp  HLC.TO :
    * CLARKE INC. ENTERS INTO AGREEMENT TO ACQUIRE HOLLOWAY
LODGING
CORPORATION
    * HOLLOWAY LODGING CORP - ACQUISITION IS VALUED AT
APPROXIMATELY
$132 MILLION ON AN EQUITY VALUE BASIS
    * HOLLOWAY LODGING CORP - SHAREHOLDERS WILL RECEIVE FOR EACH
HOLLOWAY SHARE THEY OWN 0.65 OF A COMMON SHARE OF CLARKE
    * HOLLOWAY LODGING CORP - HOLLOWAY SHAREHOLDERS WILL RECEIVE
FOR
EACH HOLLOWAY SHARE THEY OWN 0.65 OF A COMMON SHARE OF CLARKE
    * HOLLOWAY LODGING CORP - ACQUISITION IS VALUED AT ABOUT
$265
MILLION ON AN ENTERPRISE VALUE BASIS
    * HOLLOWAY LODGING CORP - CLARKE EXPECTS TO ISSUE
APPROXIMATELY
4.9 MILLION CLARKE SHARES AS CONSIDERATION UNDER ACQUISITION

Source text for Eikon:  ID:nCNWKbJp7a 
Further company coverage:  HLC.TO