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La Quinta Cos. (The)
Ticker Symbol: LQI* CUSIP: 50419U202 Exchange: NYSE
* NOTE: This security is no longer trading as of 1/25/2006
Company's Online Profile
BUSINESS: La Quinta Corporation and its controlled subsidiary, La Quinta Properties, Inc. is one of the largest owner/operators of limited-service hotels in the United States. Based in Dallas, Texas, the Company owns and operates 360 hotels and franchises more than 240 hotels in 39 states under the La Quinta Inns®, La Quinta Inn & Suites®, Baymont Inn & Suites®, Woodfield Suites® and Budgetel® brands.
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Notes: January 25, 2006 -- La Quinta Corporation and its controlled subsidiary, La Quinta Properties, Inc. today announced that they had completed their mergers with affiliates of The Blackstone Group. Under the terms of the merger agreement, holders of La Quinta paired common shares will receive a total of $11.25 per paired share in cash, without interest. In connection with the closing of the mergers, the aggregate redemption price of LQ Properties 9% Series A Cumulative Redeemable Preferred Stock and the corresponding depositary shares, each Depositary Share representing one-tenth of one share of the Series A Preferred Stock, has been irrevocably deposited with American Stock Transfer & Trust Company. Holders of Depositary Shares may submit their receipts, along with a letter of transmittal, to the Redemption Agent for redemption. As previously announced, holders of Depositary Shares will receive an aggregate redemption price of $25.275 per Depositary Share. Holders of Series A Preferred Stock will receive an aggregate redemption price of $252.75 per share of Series A Preferred Stock. American Stock Transfer & Trust Company, as depositary, is the sole record holder of Series A Preferred Stock and will receive the aggregate Series A Redemption Price for disbursement to the holders of Depositary Shares. Questions regarding the redemption may be directed to the Redemption Agent at (877) 248-6417 or (718) 921-8317.
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Previous Ticker Symbol: MT Changed: 6/20/2001
Previous Name: Meditrust Companies (The) Changed: 6/20/2001
Large Cap Stock -
Market Value $1.5 Billion
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 909 Hidden Ridge, Suite 600, Irving, TX 75038 |
| Main Phone Number |
214-492-6600 |
| Fax Number |
214-492-6971 |
| Investor Relations
Temple Weiss
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877-777-6560
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Toll Free Phone Number |
Unknown |
| CEO - Francis W. Cash |
CFO - David L. Rea |
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