| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers W > Headlines for Winston Hotels, Inc. > News item |
Winston Hotels shareholders say yes to merger
By Lisa Kerner
Charlotte, N.C., June 21 - Winston Hotels, Inc. shareholders approved the acquisition of the company by Inland American Acquisition (Winston), LLC, a wholly owned subsidiary of Inland American Real Estate Trust, Inc., at a special meeting held on Thursday.
On April 3, Winston Hotels agreed to be acquired for $15.00 per share. Under the agreement, Inland American will also purchase all of Winston Hotels' series B preferred stock for $25.44 per share.
The merger is slated to close on or about July 1, according to a company news release.
Winston Hotels is a Raleigh, N.C.-based real estate investment trust specializing in upscale extended-stay and full-service hotels.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.