Ryman Hospitality Properties Reports Offering Of 3.50M Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Ryman Hospitality Properties plans to offer 3.50 million shares of common stock to fund a portion of the $800 million purchase price for the acquisition of JW Marriott San Antonio Hill Country Resort & Spa.
June 05, 2023 | 9:31 pm
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Ryman Hospitality Properties (RHP) is offering 3.50 million shares to fund the acquisition of JW Marriott San Antonio Hill Country Resort & Spa.
Ryman Hospitality Properties (RHP) is offering 3.50 million shares to fund the acquisition of JW Marriott San Antonio Hill Country Resort & Spa. This news is highly relevant and important for RHP investors as it directly impacts the company's financial position and growth strategy. However, the short-term price impact is neutral as the market may have already priced in the acquisition and stock offering.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100