La Quinta Corp. (LQI) Message Board

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Strategies & Market Trends : La Quinta Corp. (LQI)

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To: Paul Senior who wrote (16)	11/9/2005 9:43:07 AM
From: JakeStraw	of 18

Blackstone to buy La Quinta for $3.4 billion By Lisa Sanders NEW YORK (MarketWatch) -- La Quinta Corp. (LQI) , the hotel operator, and La Quinta Properties said Wednesday they have agreed to be bought by an affiliate of The Blackstone Group for $11.25 per share in cash. That represents a 37% premium over Tuesday's closing price of $8.22 and amounts to a total value of $3.4 billion, including debt.

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