Blackstone Inc

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Debt Financing / Related, Equity Investments, Mergers / Acquisitions

CorePoint Lodging To Be Acquired By Joint Venture Between Affiliates Of Highgate And Cerberus Capital Management L.P. In $1.5 Bln All-Cash Transaction

Published: 11/08/2021 11:21 GMT
Blackstone Inc (BX) - Corepoint Lodging to Be Acquired by a Joint Venture Between Affiliates of Highgate and Cerberus Capital Management, Lp in $1.5 Billion All-cash Transaction.
Corepoint Lodging - Highgate and Cerberus Will Acquire All Outstanding Shares of Corepoint Common Stock in an All-cash Transaction Valued at About $1.5 Billion.
Corepoint Lodging Inc - Proposed Deal for $15.65 per Share.
Corepoint Lodging - Affiliates of Blackstone Entered Into a Voting Agreement Under Which They Have Agreed to Vote All of Their Shares in Favor of Deal.
Corepoint Lodging Inc - Company Will Be Privately Owned Upon Completion of Transaction.
Corepoint Lodging - Stockholders May Receive Incremental Cash Consideration per Share Pending Timely Resolution of Tax Proceedings With Irs.