STAY News and Press, Extended Stay America Inc. From 04/26/21

Believes Transaction Undervalues STAY and Is Opportunistically Timed Tarsadia Believes Sales Process Was Flawed and Paired Entities’ Boards Failed to Pursue Alternatives Tarsadia Highlights That Two Sitting ESH Directors Voted Against the Deal Believes C...

Sets June 8, 2021 as Special Meeting Date to Vote on the Transaction Letter to Shareholders Highlights Immediate, Compelling and Certain Value of the Transaction that is Superior to Execution of Standalone Plan Says Future Value Creation Beyond Transaction Price Would Re...

NEW YORK, NY / ACCESSWIRE / April 20, 2021 / Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Cardtronics plc (NASDAQ:CATM) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties r...

Extended Stay America (STAY) started talks with Starwood Capital Group four years ago for a potential transaction, according to its proxy statement for the shareholder vote on its proposed $6B acquisition by a joint venture of Starwood and Blackstone (BX).Eventually, the companies agreed on a...

Transaction Provides Immediate, Certain and Compelling Value to Shareholders Represents Superior Value to the Continued Execution of Extended Stay’s Strategic Plan on a Time and Risk-Adjusted Basis Marks Culmination of Thorough Actions to Explore Value-Enhancing A...

Powered by Spring Break demand and accelerated by the vaccine roll-out, the recovery in domestic leisure travel - and hotel occupancy - has picked up meaningfully over the past month. TSA data showed that travel is now at 60% of pre-pandemic levels after bottoming at less than 5%. STR...

Extended Stay America (STAY) CEO defends the REIT's agreement to be acquired by a joint venture of Blackstone (BX) and Starwood Capital for $19.50 per paired share in an all-cash transaction valued at ~$6B."The company's management and the boards believe this transaction provides a compelling...

CHARLOTTE, N.C., March 25, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (“ESA”) and its paired-share REIT, ESH Hospitality, Inc. (“ESH” and together with ESA, the “Company”) (NASDAQ: STAY) today issued the following ...

Extended stay hotels look opportunistic in a reopening economy. Post vaccine, U.S. leisure travel expected to surge. Apple Hospitality is well positioned to perform. For further details see: Apple Hospitality Is Now Our Top Pick In The Hospitality Sector

Merger activity remained steady last week. Two of the largest deals of this year were announced last week. SPAC activity continues to grow at a steady pace. For further details see: Merger Arbitrage Mondays - Coherent Shareholders Delighted By Another Round Of Counteroff...