Docstoc

Morgans Hotel Group Confirms Unsolicited Proposal from The Yucaipa Companies

Document Sample
Morgans Hotel Group Confirms Unsolicited Proposal from The Yucaipa Companies Powered By Docstoc
					
				
DOCUMENT INFO
Shared By:
Tags:
Stats:
views:2
posted:11/1/2013
language:Japanese
pages:2
Description: NEW YORK--(BUSINESS WIRE)--Morgans Hotel Group Co. (NASDAQ:MHGC) ("Morgans Hotel Group" or the "Company") today confirmed that it has received a letter from The Yucaipa Companies, LLC, (“Yucaipa”) containing an unsolicited and conditional proposal to acquire Morgans Hotel Group for $8.00 per share. The Company's Board of Directors will carefully review the proposal with its financial and legal advisors and will determine the appropriate response in due course. The Company advises its shareholde
EON: Enhanced Online News EON: Enhanced Online News http://eon.businesswire.com
About At EON: Enhanced Online News, we show you how to make your online press release thrive. If you want to drive traffic to your website, generate sales leads, make an announcement, or promote a new product, EON: Enhanced Online News delivers the online visibility that you need. EON: Enhanced Online News powered by Business Wire.