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Article: Servico and Impac Hotel Group Complete Merger Transaction to Form Lodgian.
- Article from:
- Business Wire
- Article date:
- December 11, 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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ATLANTA--(BUSINESS WIRE)--Dec. 11, 1998--Lodgian, Inc. (NYSE:LOD), a nationwide owner and operator of hotels, today announced closing of the merger of Servico, Inc., and Impac Hotel Group to form Lodgian, Inc. The merger, which was originally announced in March, 1998, closed today and creates one of the nation's largest multi-brand owner/operators of hotels.
Trading in Servico, Inc. common stock with the symbol SER will cease on the New York Stock Exchange at the close of business today, December 11, 1998. Trading in Lodgian, Inc. common stock with the symbol LOD will commence on the New York Stock Exchange Monday, December 14, 1998.
The transaction, ...