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LODGIAN INC (LGN)
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Create: Alert |
All | News | Filings
| Date Filed | Type | Description |
| 01/22/2010 |
8-K
| Acquisition/merger/asset purchase announced|
Docs:
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"Agreement and Plan of Merger, by and among Lodgian, Purchaser and Merger Sub",
"Lodgian to be Acquired by Lone Star Funds ATLANTA, Ga., January 22, 2010—Lodgian, Inc. , one of the nation's largest independent hotel owners and operators, today announced it has entered into a definitive agreement to be acquired by an affiliate of Lone Star Funds , in a transaction valued at approximately $270 million, including assumed debt. Under the terms of the agreement, Lone Star will acquire all of the outstanding common stock of Lodgian for $2.50 per share in an all-cash transaction. The price represents a premium of approximately 67.2 percent over Lodgian's average closing share price during the trading period of one calendar month prior to January 15, 2010 and 64.3 percent over Lodgian's average closing share price during the trading period of six calendar months prior to Janua...",
"Memorandum to Employees from Daniel E. Ellis" |
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