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BRIEF-Felcor Lodging Trust responds to Ashford Hospitality Trust's unsolicited proposal
February 21, 2017 / 4:36 PM / 10 months ago

BRIEF-Felcor Lodging Trust responds to Ashford Hospitality Trust's unsolicited proposal

Feb 21 (Reuters) - Felcor Lodging Trust Inc:

* Felcor Lodging Trust responds to Ashford Hospitality Trust’s unsolicited proposal

* “company has engaged with AHT since last fall; unable to reach mutually beneficial terms”

* Felcor acknowledged receipt of AHT’s intent to nominate seven directors for nomination at company’s next annual meeting

* “Felcor shareholders need take no action at this time”

* Felcor board will review AHT’s proposal of Feb 21, 2017, together with its financial, legal advisors, respond as appropriate

* Felcor board of directors will review AHT’s nominees and make a recommendation to shareholders in due course

* Proposal follows several months in which co engaged with AHT to explore possibility that mutually deal could be reached Source text for Eikon: Further company coverage:

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