Ashford, Inc. Announces Combination With Remington

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Go back to Ashford, Inc. Announces Combination With Remington

Ashford (AINC) Gains After Announcing Combination with Remington

September 18, 2015 10:21 AM EDT

Ashford (NYSE: AINC) shares gained Friday after announced a combination with Remington Holdings, LP. A related press release is below.

Ashford Inc. today announced that it has entered into a definitive agreement for a business combination with Remington Holdings, LP ("Remington"). The transaction is expected to be completed in the first quarter of 2016, and is subject to receiving an acceptable private letter ruling from the U.S. Internal Revenue Service (the "IRS"), the Company's stockholders' approval, receipt of certain tax opinions, satisfaction of other tax related conditions, and other customary closing conditions.... More