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On August 19, 2011 the Apple REIT Companies filed four Form 8-k pertaining to the possible consolidation transaction of Apple REITs Six, Seven, Eight and Nine.
David Lerner Associates, Inc. Announces Investment Opinion On August 19, 2011 the Apple REIT Companies filed four Form 8-k pertaining to the possible consolidation transaction of Apple REITs Six, Seven, Eight and Nine. (Please see the filings in their entirety using the links below.) The filing states: Apple REIT Six, Inc. (the "Company") announced today that its board of directors has authorized the evaluation of a potential consolidation transaction in which the Company, Apple REIT Seven, Inc., Apple REIT Eight, Inc. and Apple REIT Nine, Inc. would be combined, which consolidation transaction could also include a listing of the stock of the combined enterprise for trading on a national exchange at the time of such combination or at a future date. The Company has not made a decision to pursue any particular transaction, and there can be no assurance that the evaluation of a potential consolidation transaction will result in such transaction being accomplished, or that the potential consolidation transaction or any other strategic alternative will be pursued. The Company has not set a timetable for completion of the evaluation process, and it does not expect to comment further unless and until its board of directors has approved a specific transaction, or it otherwise deems further disclosure is appropriate or required by law. David Lerner Associates believes this is a positive first step in the evaluation of a transaction that, if completed, potentially may provide increased liquidity and other possible value-enhancing aspects for the shareholders of Apple REITs Six, Seven, Eight and Nine. David Lerner Associates is proud of its eighteen-year history as managing dealer of the SEC registered Apple REIT offerings and is equally proud of its 35-year history of serving its customers. http://www.sec.gov/Archives/edgar/data/1277151/000093041311005564/c66718_8k.htm http://www.sec.gov/Archives/edgar/data/1329011/000093041311005565/c66719_8k.htm http://www.sec.gov/Archives/edgar/data/1387361/000093041311005566/c66720_8k.htm http://www.sec.gov/Archives/edgar/data/1418121/000093041311005567/c66721_8k.htm David Lerner Associates Jessica Pochylski, 516-828-8374
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