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Article: Lodgian Responds to Proposal From Yung Group; Prevails In Lawsuit Over Annual Meeting.
- Article from:
- PR Newswire
- Article date:
- October 19, 2000
CopyrightCOPYRIGHT 2000 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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ATLANTA, Oct. 18 /PRNewswire/ --
Lodgian, Inc. (NYSE: LOD) confirmed today that it has received a proposal from an affiliate of William Yung to acquire all outstanding shares of the Company for a cash purchase price of $5.00 per share. Although the proposal is subject to due diligence and other customary conditions, the Company is delighted that the Yung group is willing to participate in the process to maximize value for all Lodgian shareholders. Lodgian will provide the Yung group access to due diligence information once the Yung group executes a confidentiality agreement containing a reasonable standstill clause, which would not preclude participation in the ...
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Article: Lodgian Executes on Strategic Initiative.
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... ... Dec. 11 /PRNewswire-FirstCall/ -- Lodgian, Inc. , one of the nation's largest ... disposition program," said Ed Rohling, Lodgian president and chief executive officer ... end of 2006." The four properties that Lodgian has sold during the 2006 fourth quarter ...
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