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Stock Market & Financial Investment News

News Breaks
May 13, 2014
09:39 EDTHOT, AANAaron's reaches agreement with Vintage Capital Management
Aaron's (AAN) announced that it has reached an agreement with Vintage Capital Management, the company's second largest shareholder. Pursuant to the agreement, Aaron's will expand the size of its board from eight to ten directors. Brian Kahn, Managing Member of Vintage, has been appointed to the board, effective May 20, and included in the company's slate of director nominees for election at the 2014 Annual Meeting of Shareholders. In addition, within 30 days following the 2014 Annual Meeting, Matthew Avril, former President of the Hotel Group of Starwood Hotel (HOT) will be appointed to the board. Under the terms of the agreement, Vintage has agreed to vote its shares in support of all of the board's director nominees at the 2014 Annual Meeting. In addition, the board has formed a new Operational and Financial Advisory Committee that will provide input on matters related to Aaron's core business. The founding members of the Committee will be Ray Robinson, Ron Allen and Brian Kahn. Aaron's will also continue to review its corporate governance practices as well as work to explore opportunities, as appropriate, to reduce its operating expenses.
News For AAN;HOT From The Last 14 Days
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November 21, 2014
05:14 EDTHOTStarwood sells Sheraton on the Park in Sydney, Australia for $399M
Starwood Hotels announced it has sold Sheraton on the Park in Sydney, Australia to Sunshine Insurance Group Corporation for $399M. Starwood will continue to operate the hotel as a Sheraton under a long-term management contract.
November 20, 2014
18:02 EDTHOTStarwood declares special dividend of 65c per share
Starwood declared a special dividend of 65c per share. The special dividend will be payable on December 29 to stockholders of record on December 8.
November 18, 2014
11:00 EDTHOTFibraHotel buys Monterrey, Mexico hotel from Starwood
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07:29 EDTHOTDeutsche Bank to hold a conference
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November 17, 2014
10:02 EDTHOTOn The Fly: Analyst Downgrade Summary
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06:05 EDTHOTStarwood downgraded to Neutral from Buy at UBS
UBS downgraded Starwood Hotels to Neutral on signs that RevPAR growth peaked in Q3. The firm adds that Starwood has the most exposure to the slowing high end of the market. It lowered its price target for shares to $79 from $86.

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