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CorePoint Lodging (CPLG) seeking strategic alternatives

  • July 15, 2021

POTENTIAL DEAL DETAILS

StockCorePoint Lodging Inc.SymbolCPLG
Date Announced07/13/2021Source Press Release
TypeCompany Seeking Strategic Alternatives
Date of Confirmation: 11/08/2021Price at Confirmation: $17.76
Potential Profit: 32.04%Annualized Profit: 99.12%

CorePoint Lodging Inc. (CPLG),  announced that its Board of Directors, working together with financial and legal advisors, has decided to explore strategic alternatives to maximize stockholder value.

Update(s):

November 8, 2022: CorePoint Lodging Inc. (CPLG) announced that it has entered into a definitive agreement to be acquired through a joint venture between affiliates of Highgate and Cerberus Capital Management, L.P.

March 1, 2022: CorePoint Lodging, Inc. (CPLG)) announced that its stockholders voted to approve the acquisition of CorePoint by a joint venture between affiliates of Highgate and Cerberus Capital Management, L.P. (“Cerberus”). The transaction is expected to close as early as March 3, 2022, subject to satisfaction of the remaining closing conditions.

For more details view Deal Metrics

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.