Home Ashford Hospitality disagrees with ISS recommendation over Ashford Inc. spinoff
 

Keywords :   


Ashford Hospitality disagrees with ISS recommendation over Ashford Inc. spinoff

2014-11-06 01:15:35| Jewelry - Topix.net

The company noted that a delay in the spinoff, which is scheduled for Nov. 12 and has been in process since Feb. 27, could result in significant loss of shareholder value at Ashford Hospitality Trust as a result of REIT qualification issues, tax consequences, and lost growth potential for Ashford Inc. "We are disappointed that ISS, with an inaccurate report, has decided to support the hotel union's effort to disrupt our business and execution of our strategy to maximize shareholder value. Further, the ISS report fails to properly take into account the Board's business judgment as it relates to the timing of the spin-off, which has been in process for over eight months," Ashford Hospitality said.

Tags: recommendation hospitality iss ashford

Category:Consumer Goods and Services

Latest from this category

All news

04.11Telekom Srbija renews satellite services contract with SES
04.11Charter video customers down 294,000 in 3Q 2024
04.11Swisscom TV connections down 12,000 in 3Q 2024
04.11Comcast domestic video subscribers down 365,000 in 3Q 2024
04.1115 jeans 'more durable' than 150 pair in tests
04.11The environmental campaigners fighting against data centres
04.11Sainsbury's to rival Aldi prices in smallest stores
04.11Lying talent agent took our money and dreams
Consumer Goods and Services »
04.11Tropical Depression Eighteen Graphics
04.11Summary for Tropical Depression Eighteen (AT3/AL182024)
04.11Tropical Depression Eighteen Public Advisory Number 4A
04.11Telekom Srbija renews satellite services contract with SES
04.11Remnants of Patty Graphics
04.11Charter video customers down 294,000 in 3Q 2024
04.11Atlantic Tropical Weather Outlook
04.11Eastern North Pacific Tropical Weather Outlook
More »