Innkeepers USA Trust Shareholders Approve Acquisition by an Affiliate of Apollo Investment Corporation
26 Juni 2007 - 11:35PM
PR Newswire (US)
PALM BEACH, Fla., June 26 /PRNewswire-FirstCall/ -- Innkeepers USA
Trust ("Innkeepers") (NYSE:KPA) announced today that the Innkeepers
common shareholders approved the previously announced agreement to
be acquired by Grand Prix Holdings LLC, an affiliate of Apollo
Investment Corporation. The transaction is expected to close on
June 29, 2007. ABOUT INNKEEPERS USA TRUST Innkeepers USA Trust owns
74 hotels with a total of 9,808 rooms or suites and one 355-room
hotel in which it owns a 49 percent equity interest in 21 states
and Washington, D.C., and focuses on acquiring or developing
premium- branded upscale extended-stay and select-service hotels,
the core of the company's portfolio; selected full-service hotels;
and turn-around opportunities for hotels that operate under or can
be converted to the industry's leading brands. For more information
about Innkeepers USA Trust, visit the company's web site at
http://www.innkeepersusa.com/. Forward-Looking Statements This
press release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. All statements other
than statements of historical facts included in this press release
are forward-looking statements. All forward-looking statements
speak only as of the date of this press release. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance, achievements or transactions of Innkeepers and its
affiliates or industry results or the benefits of the proposed
transaction to be materially different from any future results,
performance, achievements or transactions expressed or implied by
such forward-looking statements. Such risks, uncertainties and
other factors relate to the timing of the closing of the
transaction and the satisfaction of the conditions thereto.
Additional information or factors which could impact the company
and the forward-looking statements contained herein are included in
Innkeepers' filings with the Securities and Exchange Commission.
Innkeepers assumes no obligation to update or supplement
forward-looking statements that become untrue because of subsequent
events. Participants in the Solicitation Innkeepers and its
directors, executive officers and other members of its management
and employees may be deemed participants in the solicitation of
proxies from its shareholders in connection with the proposed
merger. Information concerning the interests of Innkeepers'
participants in the solicitation, which may be different than those
of Innkeepers shareholders generally, is set forth in Innkeepers'
proxy statements and Annual Reports on Form 10-K, previously filed
with the SEC, and in the definitive proxy statement relating to the
transaction when it becomes available. Contact: Innkeepers USA
Trust Dennis Craven, 561-227-1302 Chief Financial Officer or Mark
Murphy, 561-227-1336 General Counsel and Secretary DATASOURCE:
Innkeepers USA Trust CONTACT: Dennis Craven, Chief Financial
Officer, +1-561-227-1302, or Mark Murphy, General Counsel and
Secretary, +1-561-227-1336, both of Innkeepers USA Trust Web site:
http://www.innkeepersusa.com/
Copyright
Innkeepers Usa (NYSE:KPA)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Innkeepers Usa (NYSE:KPA)
Historical Stock Chart
Von Jul 2023 bis Jul 2024
Echtzeit-Nachrichten über Innkeepers Usa Tr (New York Börse): 0 Nachrichtenartikel
Weitere Innkeepers Usa Tr News-Artikel