Sonesta Announces Potential Merger Discussions
28 Octobre 2011 - 4:07PM
Sonesta International Hotels Corporation
(Nasdaq:SNSTA) today announced that it is engaged in discussions
with third parties who have approached it regarding potential
transactions, including a possible merger transaction. At this
stage, no assurances can be given that these discussions will
result in a definitive agreement or a transaction being consummated
or as to the value that any such transaction might have for
Sonesta's stockholders. Sonesta does not intend to issue any
other press release relating to these matters until such time, if
ever, that it enters into a definitive agreement for a
transaction.
Sonesta operates a distinctive international collection of
upscale hotels, resorts and cruise ships in Boston, Massachusetts;
Miami, Florida; New Orleans, Louisiana; and Egypt (13). In
addition, the Company has license/franchise agreements for hotels
in Sint Maarten (2), Chile (3), Colombia (4), Ecuador, and Peru
(7). For further information, please visit Sonesta's website
at www.sonesta.com. The Sonesta International Hotels Corporation
logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7017
This news release may contain forward-looking
statements. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performance and underlying assumptions and other statements that
are other than statements of historical facts. These
statements are subject to uncertainties and risks including, but
not limited to, that the parties may be unable to agree upon the
terms of a merger transaction, the effect of economic conditions on
the parties' willingness to proceed with discussions, and other
risks. All such forward-looking statements are expressly
qualified by these cautionary statements and any other cautionary
statements which may accompany the forward-looking
statements. In addition, Sonesta disclaims any obligation to
update any forward-looking statement to reflect events or
circumstances after the date hereof, including, without limitation,
if these merger discussions are terminated for any
reason.
CONTACT: Sonesta Investor Relations
(617) 421-5400
http://www.sonesta.com
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