|
|
Article: MeriStar Hotels & Resorts Announces Subscription Price for Rights Offering.
- Article from:
- Business Wire
- Article date:
- August 13, 1998
CopyrightCOPYRIGHT 1998 Business Wire. 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)
|
WASHINGTON--(BUSINESS WIRE)--August 13, 1998--MeriStar Hotels & Resorts, Inc. (NYSE:MMH), the nation's largest independent, non-branded hotel management company, today announced the subscription price for its rights offering to be made in conjunction with the formation of MeriStar Hotels & Resorts following its spin off from CapStar Hotel Company.
The non-transferable rights will be issued to the holders of record of shares of common stock and operating partnership units as of 9 a.m. on August 3 of MeriStar Hospitality Corporation (NYSE: MHX), a REIT formed as a result of the merger between CapStar Hotel Company and American General Hospitality Corporation. Eligible ...