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Mergers / Acquisitions, Equity Financing / Related

Tarsadia Capital Believes Proposed Acquisition Of Extended Stay America By Blackstone And Starwood Severely Undervalues Stay

Published: 03/22/2021 13:29 GMT
(STAY) - Tarsadia Capital Believes Proposed Acquisition of Extended Stay America by Blackstone and Starwood Severely Undervalues Stay and is Opportunistically Timed.
Tarsadia - Privately Nominated Three Independent, Director Candidates for Election to Extended Stay America's Board.
Tarsadia - Beneficially Owning an Aggregate of About 3.9% of Esa's Outstanding Shares.
Tarsadia - Believe There is Meaningful Opportunity to Increase Unit Growth, Profits Through Aggressive Franchising Efforts by Extended Stay America.
Tarsadia - Convinced Value of Esa on a Standalone Basis Far Exceeds $19.50 per Share.