Braemar Hotels & Resorts Inc (BHR) has shared an announcement.
Braemar Hotels & Resorts Inc. announced that it has rejected a move by Blackwells Capital LLC to nominate four candidates to its Board, citing the notice as invalid for not fully disclosing the investor’s true intentions. The company suggests that Blackwells is attempting a covert takeover without offering a fair price, underscoring the tension between the hotel company and the activist investor ahead of its annual stockholders’ meeting.
Learn more about BHR stock on TipRanks’ Stock Analysis page.
