Braemar Hotels & Resorts stock tumbles after proxy fight reports
Braemar Hotels & Resorts’ REIT shares have fallen since the company announced in June it would end a controversial management deal with chairman Monty Bennett, with a payment of half a billion dollars. The move follows reports of an investor-triggered proxy fight.
Braemar Hotels & Resorts shares have remained volatile after the real estate investment trust said in June it would end a controversial management agreement with chairman Monty Bennett for a payment of half a billion dollars. The stock has fallen 30 since that announcement.