Braemar Hotels & Resorts and Blackwells Capital enter into cooperation agreement
DALLAS – Braemar Hotels & Resorts Inc. announced that it has entered into a cooperation agreement with Blackwells Capital LLC.
Under the terms of the Cooperation Agreement, Blackwells will withdraw its director nomination notice and proposals, cease soliciting proxies and vote in favor of all Braemar directors and proposals at the 2024 Annual Meeting of Stockholders. Braemar and Blackwells have agreed to release all legal claims arising prior to the settlement and dismiss their respective actions.
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