Playa Hotels & Resorts (PLYA) confirmed it has executed an exclusivity agreement with Hyatt (H) under which Playa has agreed to negotiate exclusively with Hyatt regarding potential strategic options, which may include the acquisition of the company by Hyatt. The exclusivity agreement will remain in place until the earlier of the execution of a definitive agreement for such transaction or 11:59 p.m. New York City time on February 3, 2025. Playa’s board of directors has been evaluating opportunities and has engaged with a number of potential counterparties.
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Read More on PLYA:
- Hyatt announces exclusive discussions with Playa Hotels & Resorts
- Playa Hotels & Resorts price target raised to $13 from $10 at Truist
- Playa Hotels & Resorts price target raised to $12 from $10 at Oppenheimer
- Playa Hotels & Resorts Posts Mixed Q3 2024 Results
- Playa Hotels & Resorts reports Q3 adjusted EPS 0c, consensus (17c)
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