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Holloway Lodging schedules shareholder vote on proposed sale to PE firm Clarke

Holloway Lodging Corp. scheduled a special meeting for Sept. 25 for its common stockholders to vote on the hotel company's proposed sale to Canadian private equity firm Clarke Inc.

Under a statutory plan of arrangement, Clarke will acquire all the issued and outstanding shares it does not already own in Holloway.

Holloway said earlier that the deal is scheduled to close by Sept. 30.