MeriStar Hospitality Sets Date for Special Stockholders Meeting
|
|
MeriStar Hospitality Sets Date for Special Stockholders Meeting
|
Category: Worldwide
This is a press release selected by our editorial committee and published online for free on 2006-03-23
MeriStar Hospitality Corporation (NYSE:MHX) announced today that it had scheduled a special meeting of its stockholders to approve the merger of MeriStar with and into Alcor Acquisition LLC and the other transactions contemplated by the Agreement and Plan of Merger, dated as of February 20, 2006, by and among MeriStar, MeriStar Hospitality Operating Partnership, L.P. and affiliates of The Blackstone Group. The special meeting will be held on Thursday, April 27, 2006 at 10 a.m. local time at the Hilton Arlington, 950 North Stafford Street, Arlington, Virginia.
Stockholders of record on the close of business on March 17, 2006, the record date for the special meeting, will be entitled to vote at the meeting. Completion of the merger remains subject to MeriStar stockholder approval and other customary closing conditions. Upon completion of the mergers, each outstanding share of common stock of MeriStar and each unit of limited partnership interest in MeriStar Hospitality Operating Partnership, L.P. will be converted into the right to receive $10.45 in cash, without interest and less any required withholding taxes.
|
|
