Royal Host shareholders OK acquisition by Holloway
Holders of shares in Royal Host Inc (TSX: RYL), a portfolio company of Canadian private investment firm Clarke Inc, have approved the previously announced acquisition of the company by Holloway Lodging Corp (TSX: HLC). The purchase of the Halifax, Nova Scotia-based hotel operator is priced at $23 million on an equity value basis and $157 million on an enterprise value basis. Holloway is a real estate company that also has it headquarters in Halifax.
26 June 2014•3 mins read
