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Fly News Breaks for July 28, 2015
BEE
Jul 28, 2015 | 08:47 EDT
Last week, Bloomberg reported Strategic Hotels had hired an investment bank to explore a sale of the company. Credit Suisse believes a private equity/sovereign wealth "Trophy Buyer" seeking to own an irreplaceable portfolio could pay over $16.50 per share for the company. The firm rates shares an Outperform with a $15 price target.
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