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Gaylord Extends Anti-Takeover Strategy

Aug 15, 2011 11:54 AM

From The Tennessean:
Believed to Discourage Omni Owner From Bidding on Gaylord
Gaylord Entertainment — a hotel chain that endured flood damage last year and a rocky ride on Wall Street lately — has extended for another year a poison pill strategy that makes it harder for anyone to take over the company. The move comes as a holding company led by Texas billionaire Robert B. Rowling boosted its ownership stake in the Gaylord chain to a sizable 21.3 percent of the company’s stock this week. Click here for the full story.

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