Brief: Hersha Hospitality Trust To Be Acquired By KSL Capital Partners

Hersha Hospitality Trust

28/08/2023 12:35

Aug 28 (Reuters) - Hersha Hospitality Trust  HT.N :
    * HERSHA HOSPITALITY TRUST TO BE ACQUIRED BY KSL CAPITAL
PARTNERS
    * HERSHA HOSPITALITY TRUST - HERSHA COMMON SHAREHOLDERS TO
RECEIVE
$10.00 PER SHARE IN CASH, A 60% PREMIUM TO PRIOR CLOSING
PRICEPROVIDES SHAREHOLDERS WITH IMMEDIATE AND CERTAIN VALUE AT A
SUBSTANTIAL PREMIUM
    * HERSHA HOSPITALITY TRUST - HERSHA COMMON SHAREHOLDERS TO
RECEIVE
$10.00 PER SHARE IN CASH, A 60% PREMIUM TO PRIOR CLOSING PRICE
    * HERSHA HOSPITALITY TRUST - PROPOSED DEAL FOR ALL-CASH
TRANSACTION VALUED AT APPROXIMATELY $1.4 BILLION
    * HERSHA HOSPITALITY TRUST - TRANSACTION IS EXPECTED TO
CLOSE IN
Q4 OF 2023

Source text for Eikon:  ID:nGNX8zzwMG 
Further company coverage:  HT.N