- Ashford Inc. (NYSEMKT:AINC) stockholders approve the proposals relating to the company's combination with Remington Holdings.
- Holders of ~92% of Ashford shares present and voting at the meeting, representing more than 75% of outstanding voting shares, voted in favor of the combination.
- ~87% of shares, excluding shares owned by the Bennett family, present and voting at the meeting voted in favor of the deal.
- Also, ~70% of shares, excluding shares owned by Ashford Hospitality Trust (NYSE:AHT), Braemar Hotels & Resorts (NYSE:BHR), and insiders and related parties, present and voting at the meeting voted in favor of the combination.
- Expects closing of the transaction to occur on or around Nov. 6, 2019.
- Previously: Ashford to buy Remington's hotel management business for $275M (June 3)