April 16, 2018 / 10:41 AM / in 9 days

BRIEF-Pebblebrook Letter To Lasalle Hotel Revises Merger Proposal

April 16 (Reuters) - Pebblebrook Hotel Trust:

* PEBBLEBROOK HOTEL TRUST RELEASES LETTER TO BOARD OF LASALLE HOTEL PROPERTIES, REVISES MERGER PROPOSAL AND SUBSTANTIALLY RAISES OFFER PRICE

* PEBBLEBROOK HOTEL TRUST - REVISED PROPOSAL FOR 100% OF LASALLE’S OUTSTANDING COMMON SHARES IMPLIES A MERGER PRICE OF $31.75 PER LASALLE COMMON SHARE

* PEBBLEBROOK HOTEL TRUST - IMPLIED PRICE OF $31.75 PER SHARE BASED ON INCREASED FIXED EXCHANGE RATIO OF 0.8944 PEBBLEBROOK SHARE FOR EACH LASALLE SHARE

* PEBBLEBROOK HOTEL TRUST - “DISAPPOINTED” THAT LASALLE HAS NOT RESPONDED TO REVISED PROPOSAL

* PEBBLEBROOK HOTEL TRUST - REVISED PROPOSAL ALSO PROVIDES LASALLE’S SHAREHOLDERS WITH OPTION TO ELECT TO GET CASH UP TO MAXIMUM OF 15% Source text for Eikon: Further company coverage:

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