March 28, 2017 / 9:22 PM / 8 months ago

BRIEF-Ashford announces update on proposed Remington transaction

March 28 (Reuters) - Ashford Inc:

* Ashford announces update on proposed Remington transaction

* Ashford inc says has decided to cease its efforts in completing proposed transaction as originally contemplated with Remington Holdings, LP

* Ashford - has begun process of evaluating purchase of just Remington’s project management business, which would not require a private letter ruling

* Ashford Inc says has been unsuccessful in receiving an acceptable private letter ruling from internal revenue service

* Ashford Inc- has formed a special committee of its board to evaluate a possible transaction

* Ashford-Been unsuccessful in receiving acceptable private letter ruling from IRS regarding proposed deal with Remington Holdings, LP Source text for Eikon: Further company coverage:

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