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Article: Red Lion Issues Statement
- Article from:
- PR Newswire
- Article date:
- August 28, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, Wash., Aug. 28 /PRNewswire/ -- In response to inquiries, Red Lion Hotels, Inc. (NYSE: RL) today confirmed that it is currently engaged in preliminary discussions concerning a possible acquisition of Red Lion by Doubletree Corporation.
Red Lion emphasized that the discussions are still at an early stage and that there can be no assurance that they will lead to a definitive agreement.
The Company also stated that the discussions do not involve the units of Red Lion Inns, the Master Limited Partnership that trades on the American Stock Exchange under the ticker symbol "RED."
Red Lion said that it does not intend to issue any further public ...