BX - Extended Stay is said to be confident it has votes for deal with Blackstone/Starwood
hapabapa/iStock Editorial via Getty Images Extended Stay (STAY) is said to be confident it has the shareholder votes for its planned sale to Blackstone Real Estate (BX) and Starwood Capital Many holders who had voted "no" to the deal before ISS changed its recommendation to vote in favor of the sale, have since changed their vote, according to CTFN. Three of the six outspoken opponents of the deal are still against it, while two have flipped and one is uncertain. The outcome of the vote may be known as soon as tonight, according to the report. Proxy adviser Glass Lewis continues to recommend Extended Stay holders reject proposed sale. Last week, Blackstone, Starwood Capital boosted its offer for Extended Stay by $1 per share,
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Extended Stay is said to be confident it has votes for deal with Blackstone/Starwood