Braemar Hotels & Resorts, Blackwells Ink Cooperation Agreement; Blackwells To Withdraw Proxy Solicitation And Vote In Favor Of All Company Nominees And Proposals
Portfolio Pulse from Benzinga Newsdesk
Braemar Hotels & Resorts and Blackwells Capital have reached a cooperation agreement. As part of the deal, Blackwells will withdraw its proxy solicitation and vote in favor of all company nominees and proposals.
July 02, 2024 | 10:03 pm
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Braemar Hotels & Resorts has reached a cooperation agreement with Blackwells Capital, leading to the withdrawal of Blackwells' proxy solicitation and their support for all company nominees and proposals.
The cooperation agreement with Blackwells Capital removes a potential source of conflict and uncertainty for Braemar Hotels & Resorts. This is likely to be viewed positively by investors as it suggests stability in corporate governance and alignment with shareholder interests.
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