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Service Properties Trust T.SVC


Primary Symbol: SVC

Service Properties Trust is a real estate investment trust. The Company operates through two segments: hotel investments and net lease investments. It owns a portfolio of hotels and net lease service and necessity-based retail properties. The Company owns over 221 hotels with approximately 37,000 rooms or suites located in over 36 states, in the District of Columbia, Ontario, Canada and San Juan, Puerto Rico. It owns approximately 752 service-oriented retail properties with over 13.3 million square feet located in approximately 42 states. The Company’s net lease portfolio is occupied by over 175 tenants, which is operating approximately 137 brands in over 21 industries. The Company's net lease portfolio is leased to tenants that include travel centers, quick service and casual dining restaurants, movie theaters, health and fitness centers, grocery stores, automotive parts and services and other businesses in service-oriented and necessity-based industries.


NDAQ:SVC - Post by User

Post by mvgfwdon Jul 14, 2017 2:31pm
215 Views
Post# 26470486

Unclear

UnclearHello All, I agree with the feelings being expressed here 100%. The voting on the $3.80 per share offer for Scalar which is due today should have been immediately replaced with an updated management information circular for the updated $4.15 bid by Scalar. And if Scalar today chooses to better or match the latest superior bid of $4.40 by Francisco, then yet another updated circular and vote should be conducted. I'm not getting any feeling of assurance or comfort from Dave Caputo and his executives that they are out for my best interest as a common shareholder. In fact I am feeling that based on the first disclosure and upcoming vote that Dave and Co. are looking to somehow force through the original $3.80 per share offer or a less superior bid made by Scalar. Perhaps I should not be concerned but I do not have the background to effectively analyze the information circular to attain a comfortable understanding of the bidding process. I reached out to Rick at investor relations to ask for clarification. Instead of getting a clear answer to my question from him, I was referred to sections contained in a pdf copy of an agreement dated May 26, 2017. Different from the date of June 16, 2017 on the copy of the arrangement I received by mail. I agree with the prior post that it appears that Sandvine management is attempting to obfuscate the situation as a means to take our shares for an inferior share price. I hope this works out for the best for all of us. GLTA For that reason I contacted the OSC to voice my concerns. They informed me that they would be assigning my query to their corporate finance team to investigate the matter further.
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