CLEVELAND, Ohio – Hall of Fame Resort & Entertainment Co. has postponed its annual meeting and formed a special committee of directors to consider an offer from its largest shareholder — Los Angeles real estate developer Stuart Lichter — to take the company private.
The Canton, Ohio-based resort and entertainment company (Nasdaq: HOFV) said in a regulatory filing that it has postponed its Nov. 21 annual meeting with shareholders and formed a committee of “independent, disinterested” directors to evaluate the “nonbinding proposal to take the company private” made Sept. 27 by Lichter and his company, IRG Canton Village Member LLC.
The special committee, which has hired a financial advisor and legal counsel, does not plan to comment or “disclose further developments” during its review process “unless and until it deems further disclosure is appropriate or required,” the filing stated.
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