Ramada Inns’ bid to deter takeovers was stalled.
- Share via
As a result, the annual meeting was adjourned until June 23 to allow for receipt of enough proxies to approve proposals aimed at thwarting hostile bidders. In other business, shareholders approved the proposed acquisition of closely held Marie Callender Pie Shops for cash and stock worth about $80 million and approved changing the hotel and casino company’s name to Ramada Inc.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.