Gaylord Entertainment Co. (GET), an entertainment and hospitality company, Monday signed an agreement with TRT Holdings Inc. pursuant to which the company repurchased 5 million shares worth $185 million or $37.00 per share concurrently with the agreement's execution. The Company funded the purchase price with borrowings under its existing $925 million credit facility.
Under the terms of the agreement, TRT has agreed to vote all of the remaining shares that it holds in favor of the proposals to be given at the special meeting of the company's stockholders to be held in connection with the company's plan to qualify as a real estate investment trust ("REIT") for federal income tax purposes.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.