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Article: Servico Announces Shareholder Approval of Merger With Impac Hotel Group.
- Article from:
- Business Wire
- Article date:
- September 18, 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)
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WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Sept. 18, 1998--Servico, Inc. (NYSE:SER), a nationwide owner and operator of hotels, today announced that its shareholders have approved the previously announced merger agreement with Impac Hotel Group. The agreement calls for Servico and Impac to merge and form a new company to be named Lodgian. The closing of the transaction continues to be subject to the satisfaction of a number of material conditions, and there is no assurance that those conditions will be satisfied or that the merger will be consummated.
Servico currently owns or manages 84 hotels with more than 17,000 rooms located in 24 states and Canada. Pro ...