Ryman Hospitality Engages Morgan Stanley to Evaluate Opry Entertainment Group Partnerships

Corporate Action
โดย GlobeNewswire·Read original
Summary · why it matters

Ryman Hospitality Properties has engaged Morgan Stanley to assist in evaluating potential strategic partnerships for its Opry Entertainment Group business. Executive Chairman Colin Reed stated that enabling OEG to operate outside the company's REIT structure is important for its long-term growth, and that the company has received inbound interest from a range of organizations amid rising global popularity of country music and live experiences. Ryman Hospitality has not entered into any agreements, and there are no assurances that any transaction will occur. The company expects to remain integral to OEG's growth regardless of any partnership outcome.

Impact on stocks 2

Real Estate▲ · 1 stocks
Financials▲ · 1 stocks
Morgan Stanley
MS
± MixedCapitalrelevance

Morgan Stanley engaged as financial advisor; potential advisory fees but no deal certainty.

Off-coverage companies 1

Opry Entertainment GroupPrivate± Mixed
Capitalrelevance

Potential partnership evaluation may lead to strategic changes, but no agreements yet and Ryman remains integral.

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