Pebblebrook Hotel Trust is upping its offer in an effort to block the Blackstone Group’s prospective $4.8 billion acquisition of LaSalle Hotel Properties. In a regulatory filing, Pebblebrook announced a purchase price of $37.80 per share, up from its previous proposal of $35.89. According to Bloomberg, the previous proposal was only made verbally. LaSalle rejected the deal before agreeing to an all-cash deal with Blackstone. Pebblebrook’s new offer represents a 13 percent premium from Blackstone’s […]
source https://therealdeal.com/2018/06/11/pebblebrook-looking-to-derail-blackstones-4-8b-bid-for-la-salle/
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