Extended Stay America Sends a Letter to its Shareholders
May 17, 2021 at 08:50 am EDT
On May 17, 2021, Extended Stay America, Inc. announced that it has sent a new letter to shareholders detailing the strategic and economic factors that support the transaction with Blackstone and Starwood Capital and addressing the misleading and flawed arguments from Tarsadia Capital LLC. Further, the Company added that it has urged the shareholders to vote for the transaction on the Company Proxy Card in vote set for June 8, 2021.