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BRIEF-Clarke Inc. Enters Into Agreement To Acquire Holloway Lodging Corporation

Published 2019-08-09, 07:31 a/m
© Reuters.  BRIEF-Clarke Inc. Enters Into Agreement To Acquire Holloway Lodging Corporation

Holloway Lodging Corp HLC.TO :

* CLARKE INC. ENTERS INTO AGREEMENT TO ACQUIRE HOLLOWAY LODGING CORPORATION

* HOLLOWAY LODGING CORP - ACQUISITION IS VALUED AT APPROXIMATELY $132 MILLION ON AN EQUITY VALUE BASIS

* HOLLOWAY LODGING CORP - SHAREHOLDERS WILL RECEIVE FOR EACH HOLLOWAY SHARE THEY OWN 0.65 OF A COMMON SHARE OF CLARKE

* HOLLOWAY LODGING CORP - HOLLOWAY SHAREHOLDERS WILL RECEIVE FOR EACH HOLLOWAY SHARE THEY OWN 0.65 OF A COMMON SHARE OF CLARKE

* HOLLOWAY LODGING CORP - ACQUISITION IS VALUED AT ABOUT $265 MILLION ON AN ENTERPRISE VALUE BASIS

* HOLLOWAY LODGING CORP - CLARKE EXPECTS TO ISSUE APPROXIMATELY 4.9 MILLION CLARKE SHARES AS CONSIDERATION UNDER ACQUISITION

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