Apple Hospitality Announces Merger with Apple Reit 10

How much longer?

Apple Hospitality Announces Merger with Apple Reit 10

Postby mitzimitz » Wed Apr 20, 2016 7:39 am


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Re: Apple Hospitality Announces Merger with Apple Reit 10

Postby stevestevenyny » Thu Apr 21, 2016 10:48 am

Looks like Apple Ten shareholders have done much better than Apple Nine shareholders even though Apple Nine did much better financially.

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Re: Apple Hospitality Announces Merger with Apple Reit 10

Postby ccppww » Thu Apr 21, 2016 12:03 pm

Looks like APLE is overpaying for Apple TEN and the share price has dropped the last couple of days.

Is this another big payday for the Knigjts?

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Re: Apple Hospitality Announces Merger with Apple Reit 10

Postby stevestevenyny » Sun Apr 24, 2016 2:26 pm

Apple Ten Shareholders Are Very Lucky

Apple Hospitality (NYSE: APLE) to acquire 100% of Apple Ten’s outstanding stock in a cash and stock
transaction

* 0.522 common shares of APLE plus $1.00 in cash per each Apple Ten common share and as converted
Series B convertible preferred share

* The total consideration equates to an implied offer price per Apple Ten share of $11.17 based
on APLE’s $19.49 20-day VWAP (volume weighted average price) ending on April 12, 2016

* Apple Hospitality will assume or extinguish all of Apple Ten’s debt

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