LaSalle Board rejects proposal by Pebblebrook

The board of LaSalle Hotel Properties has unanimously rejected Pebblebrook Hotel’s Trust proposal. The Board determined that the proposal is insufficient from both a price and mix of consideration perspective and is therefore not in the best interests of LaSalle Hotel Properties’ shareholders. Pebblebrook said the company is prepared to engage in discussions around price and mix of consideration as warranted by due diligence.
Pebblebrook also…

LaSalle Board rejects proposal by Pebblebrook
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