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Holloway Lodging enters into agreement to acquire Royal Host Inc.

Monday, 5 May 2014 10:31am EDT 

Holloway Lodging Corp:To acquire all of the issued and outstanding common shares of Royal Host.Royal Host shareholders will receive for each RYL Share they own a combination of $1.00 in cash and 0.1 of a Holloway common share.Acquisition is valued at about $23 mln on an equity value basis and $157 mln on an enterprise value basis.Holloway was advised on legal matters by Borden Ladner Gervais LLP.Royal Host was advised on legal matters by Bennett Jones LLP.Special Committee of Royal Host was advised on legal matters by McCullough O'Connor Irwin LLP and on certain financial matters by Trimaven Capital Advisors Inc. 

Company Quote

0.03 +0.50%
27 Mar 2015