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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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July 28, 2015
08:47 EDTBEEStrategic Hotels worth above $16.50 to a 'Trophy Buyer,' says Credit Suisse
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July 24, 2015
07:59 EDTBEEStrategic Hotels could be worth $14-$17 per share in takeover, says RBC Capital
After Bloomberg reported that Strategic Hotels & Resorts hired an investment bank to help the company explore a potential sale, RBC Capital estimates that the company could be sold for $14-$17 per share. It keeps an Outperform rating.
July 23, 2015
19:10 EDTBEEStrategic Hotels explores sale, Bloomberg says
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15:37 EDTBEEStrategic Hotels jumps 6.9%, halted for circuit breaker after said to seek buyer
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15:36 EDTBEEStrategic Hotels hires bank to seek buyer, Bloomberg says
July 20, 2015
10:00 EDTBEEOn The Fly: Analyst Downgrade Summary
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09:13 EDTBEEStrategic Hotels downgraded to Hold from Buy at Evercore ISI

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