BRIEF-Ashford Hospitality Trust announces withdrawal of Felcor Lodging Trust merger proposal
May 3 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* Ashford Hospitality- determined there is no cost-effective, actionable path forward toward agreement,withdrawn its non-binding proposal for Felcor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: