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Blackwells Capital Sends Letter to the Board of Trustees of Service Properties Trust
Source: globenewswire.com
M&A & RestructuringShort Interest & ActivismManagement & Governance
Blackwells is demanding that SVC's board conduct a transparent, competitive sale process after rejecting TKO's $2.0 billion hotel offer. It also calls for repeal of bylaws that it says strip owner rights; the provided text gives no further details on the offer or SVC's response.
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