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16 Mar, 2021
By Abdul Rehman Maqbool
Red Lion Hotels Corp. shareholders approved the company's planned acquisition by Boston-based Sonesta International Hotels Corp.
At Red Lion's March 16 special shareholder meeting, 18,526,200 votes were in favor of the planned deal, 1,397,275 votes were against it, and 125,233 were abstentions.
The company previously said the deal is expected to close in the first half of 2021.