August 24, 2018 / 1:44 PM / 4 months ago

ISS recommends against LaSalle deal with Blackstone

Aug 24 (Reuters) - Proxy advisory firm ISS said Friday that private equity firm Blackstone’s $33.50 per share cash offer for hotel operator LaSalle Hotel Properties was not the best outcome for shareholders.

The recommendation adds weight to a competing bid by Pebblebrook Hotel Trust that is in the form of both cash and stock. (Reporting by Harry Brumpton Editing by Chizu Nomiyama)

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