Monday, June 14, 2021
Equity Corporate Actions Alert #2021 - 103
(UPDATED: Merger Effective) Information Regarding the Merger of Extended Stay America, Inc. Paired Shares
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At a special meeting held on Friday, June 11, 2021, shareholders of Extended Stay America, Inc. Paired Shares (STAY) approved the proposed merger with Eagle Parent Holdings L.P. The merger closed prior to the market open on June 16, 2021. In anticipation of the closing, the stock was halted immediately following the after-hours session at 8 p.m. on June 15, 2021. The stock will remain halted on the day of closing (June 16, 2021) and will be suspended effective June 17, 2021. Furthermore, on June 1, 2021, Extended Stay America, Inc. Paired Shares declared a special dividend of $1.75 per share to shareholders of record on June 15, 2021. The special dividend is payable on June 16, 2021. Trades through the close of business on June 15, 2021 will be entitled to the dividend. The details are as follows:
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