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Ashford Receives Unsolicited $1.48B Takeover Offer

National Capital Markets

June 08, 2016 Martin Drake, Bisnow

Weismann Group offered Ashford Hospitality Prime a $753M buyout yesterday, according to a regulatory filing today.

The deal would value the company 79% more than its Tuesday closing market cap, and amounts to $1.48B including the debt involved, Bloomberg reports.

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Ashford Receives Unsolicited $1.48B Takeover Offer

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