May 3, 2017 / 12:12 PM / 4 months ago

BRIEF-Ashford Hospitality Trust announces withdrawal of Felcor Lodging Trust merger proposal

May 3 (Reuters) - Ashford Hospitality Trust Inc:

* Ashford Hospitality Trust announces withdrawal of Felcor Lodging Trust merger proposal and preliminary proxy statement

* Ashford Hospitality Trust - withdrawing preliminary proxy statement and proposed slate of seven independent directors for election to Felcor's board

* Ashford Hospitality- determined there is no cost-effective, actionable path forward toward agreement,withdrawn its non-binding proposal for Felcor

* Ashford Hospitality Trust - "Ashford Trust continues to believe that its offer would have been more attractive to shareholders than RLJ offer"

* Ashford Hospitality Trust Inc - company plans to liquidate its investment in Felcor stock over time Source text for Eikon: Further company coverage:

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