Vantage Hotels: Red Lion Hotels : to Acquire Vantage Hospitality for Up to $41M

(4-traders.com) Red Lion Hotels Corporation (NYSE:RLH) announced on September 13 that it has agreed to acquire Vantage Hospitality Group Inc. for at least $28 million. The two franchisors signed a definitive agreement for Vantage to be bought at an initial price of $23 million in cash and 690,000 shares of Red Lion`s common stock, which closed yesterday at $7.79...http://www.4-traders.com/RED-LION-HOTELS-CORPORATI-14857/news/Red-Lion-Hotels-to-Acquire-Vantage-Hospitality-for-Up-to-41M-23091727/