Apple Hospitality Announces Merger with Apple Reit 10

How much longer?
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mitzimitz
Posts: 4
Joined: Tue Sep 08, 2015 10:59 am

Apple Hospitality Announces Merger with Apple Reit 10

Post by mitzimitz » Wed Apr 20, 2016 7:39 am

http://www.richmond.com/business/local/article_8546828e-0a64-5062-b017-5eaefa4f2bb5.html#.VxeT6ryPPCQ.email

stevestevenyny
Posts: 172
Joined: Mon Aug 01, 2011 3:50 pm

Re: Apple Hospitality Announces Merger with Apple Reit 10

Post by 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.

ccppww
Posts: 315
Joined: Wed Oct 05, 2011 6:11 am

Re: Apple Hospitality Announces Merger with Apple Reit 10

Post by 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?

stevestevenyny
Posts: 172
Joined: Mon Aug 01, 2011 3:50 pm

Re: Apple Hospitality Announces Merger with Apple Reit 10

Post by 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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