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News Breaks | | | | October 16, 2012 | | 06:50 EDT |  | BEE | Strategic Hotels upgraded to Overweight from Neutral at JPMorgan
JPMorgan assumed coverage on Strategic Hotels with an Overweight rating from a Neutral rating based on valuation, improving RevPAR rates, asset sales, and an improved balance sheet. Price target raised to $9 from $7. | |
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| May 20, 2013 | | 09:23 EDT |  | BEE | Strategic Hotels announces termination of stockholder rights plan
Strategic Hotels announced that its board approved an amendment to the Company's stockholder rights plan to accelerate the expiration date from November 30 to as soon as possible, but no later than the close of business on June 14. In addition, the board amended the company's Corporate Guidance Guidelines to provide that if the company were to adopt any new stockholder rights plan in the future, it will submit the stockholder rights plan for shareholder approval within 12 months of its adoption. | |
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