Morgans Hotel Group Co. (“MHG” or the “Company”) today provided clarification regarding statements made in a filing submitted by The Yucaipa Companies (“Yucaipa”). The reference in the Yucaipa filing was to a letter received in November 2012 from a large international hotel company proposing to acquire all of the Company’s outstanding common stock for $7.50 per share in cash. The letter said the proposal was based on publicly available information and would be subject to confirmatory due diligence.
Travel and Tour World, a travel trade media and an information platform, is an all-inclusive and far-reaching B2B travel magazine. It aspires to build a network of travel and tour professionals across the globe to mark its presence in this increasingly competitive market. [TRAVELANDTOURWORLD.BLOGSPOT.COM]
Sunday, 19 May 2013
Morgans Hotel Group Provides Clarification On Investor Filing
Morgans Hotel Group Co. (“MHG” or the “Company”) today provided clarification regarding statements made in a filing submitted by The Yucaipa Companies (“Yucaipa”). The reference in the Yucaipa filing was to a letter received in November 2012 from a large international hotel company proposing to acquire all of the Company’s outstanding common stock for $7.50 per share in cash. The letter said the proposal was based on publicly available information and would be subject to confirmatory due diligence.
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