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Stock Market & Financial Investment News

News Breaks
May 9, 2014
07:35 EDTMHGCMorgans Hotel proxy fight closer as Burkle backs Kerrisdale slate, NY Post says
A shareholder vote over the board of Morgans Hotel, which current Chairman Jason Kalisman was said to be poised to win, is now getting closer after Ron Burkle, who owns nearly $100M of preferred stock and warrants to buy 30% of Morgans, met with holders at a meeting called by Kerrisdale Capital and is supporting Kerrisdale’s slate, according to The New York Post, citing sources. Reference Link
News For MHGC From The Last 14 Days
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May 21, 2015
07:09 EDTMHGCBurkle pressured Morgans Hotel CEO to resign, NY Post reports
The resignation yesterday of Morgans Hotel Group interim CEO Jason Kalisman was a victory for Ron Burkle's Yucaipa Cos., New York Post reports, citing a source close to the situation. Burkle pressured Kalisman to resign after trying to block his attempts to sell the company's most valuable properties, the Post adds. Reference Link
May 19, 2015
17:27 EDTMHGCMorgans Hotel announces Jason Kalisman resigned as Interim CEO
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