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Stock Market & Financial Investment News

News Breaks
February 19, 2013
09:09 EDTBEEOrange Capital publicizes prior request for Strategic Hotels to pursue sale
Orange Capital, an investment firm which is the beneficial owner of 6.25M shares of Strategic common stock, announced that on February 1st it issued a letter to the Board of Directors of Strategic Hotels & Resorts urging for an immediate sale of the company. Orange Capital made its letter public after failing to receive an adequate response from Strategicís Board of Directors, the firm said. Orange Capital said it believes the sale of Strategicís "unique and highly attractive properties would likely result in proceeds of $11-14 per share, a 40-79% premium over the most recent closing price." Orangeís valuation is based upon a property level analysis using capitalization rates, replacement cost and comparable M&A transactions. It also takes into consideration qualitative variables such as the scarcity value of luxury hotel assets and conditions in the capital markets, the firm said.
News For BEE From The Last 14 Days
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March 3, 2015
16:35 EDTBEECascade Investment reports 7.9% stake in Strategic Hotels
February 25, 2015
16:22 EDTBEEStrategic Hotels enters $250M equity distribution agreement
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February 24, 2015
16:06 EDTBEEStrategic Hotels files automatic mixed securities shelf
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February 23, 2015
16:20 EDTBEEStrategic Hotels sees FY15 comparable FFO 77c-85c, consensus 83c
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16:18 EDTBEEStrategic Hotels reports Q4 comparable FFO 17c, consensus 17c
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