Tuesday , June 19 2018

LaSalle picks Blackstone’s $4.8 billion buyout bid over Pebblebrook’s offer

Bloomberg LaSalle Hotel Properties picked Blackstone Group LP as its preferred suitor, thwarting months of efforts by Pebblebrook Hotel Trust to buy the luxury-hotel owner, most recently for more than $4 billion. The Blackstone transaction values the company at $4.8 billion, LaSalle said on Monday in a statement. LaSalle’s board ...

Read More »

Merkel accepts deadline to win EU migration deal

Bloomberg Chancellor Angela Merkel accepted a two-week deadline to win agreement on tougher migration policy, a concession to her Bavarian coalition partner that eases an immediate standoff without removing the threat of further government tension down the road. Interior Minister Horst Seehofer, who heads Bavaria’s Christian Social Union party, insists ...

Read More »