STAY News and Press, Extended Stay America Inc. From 06/14/21

Nearly $13 billion worth of all cash deals announced last week. Magnachip receives a higher bid, but trades well below the original acquisition price due to regulatory risks. SPAC activity picks up with 9 new IPOs filed. For further details see: Merger Arbitrage Mondays ...

Insider buying decreased last week. Notable Insider Buys: Asana, Inc., Lululemon Athletica Inc., Roper Technologies, Inc., WillScot Mobile Mini Holdings Corp., UWM Holdings Corporation. Notable Insider Sells: Walmart Inc., Royal Caribbean Group, Facebook, Inc., XPO Logistics, Inc....

hapabapa/iStock Editorial via Getty Images Extended Stay (STAY) rose to session highs, up 0.6% after the lodging company confirmed that preliminary votes  indicated shareholders approved its sale to Blackstone (BX) and Starwood Capital. The results of the vote are preliminary a...

CHARLOTTE, N.C., June 11, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (“ESA”) and its paired-share REIT, ESH Hospitality, Inc. (“ESH” and, together with ESA, “Extended Stay” or the “Company”) (NASDAQ: STAY) today announced tha...

hapabapa/iStock Editorial via Getty Images Extended Stay (STAY) rose 0.5% on reports that itssale to Blackstone (BX) and Starwood Capital was likely  approved by shareholders at a vote earlier today. CTFN's Diane Alter tweeted that a preliminary tally indicated Extended Stay had abo...

hapabapa/iStock Editorial via Getty Images Extended Stay (STAY) rose 0.4% after a report that the company's sale to Blackstone (BX) and Starwood is expected to be approved by shareholders. Early results indicate that the company has enough votes for deal approval, according to trade...

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 ...

Special Meeting to Approve Transaction Will Be Held This Friday, June 11 th Leading Independent Proxy Advisor ISS Recommends Shareholders Vote in Favor; Board Unanimously Agrees Shareholders Should Consider Meaningful Downside Risk if the Transaction is Not Appro...

Photo by hapabapa/iStock Editorial via Getty Images While proxy advisory firm ISS now recommends that Extended Stay (STAY) shareholders vote in favor of the REIT's proposed sale to Blackstone (BX) Real Estate and Starwood Capital, Glass Lewis continues to recommend that shareholders reje...

Regional bank consolidation continues with three new bank deals announced last week. Extended Stay America catches a higher bid. Chamath Palihapitiya files for four new biotech-focused SPACs. For further details see: Merger Arbitrage Mondays: Extended Stay America Receiv...