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Fly News Breaks for September 8, 2015
BEE
Sep 8, 2015 | 09:53 EDT
Canaccord downgraded Strategic Hotels to Hold citing the takeover by Blackstone Group's real estate fund in an all-cash transaction. The firm expects no other bidders to materialize since Strategic Hotels launched a formal sales process. It lowered its price target for shares to $14.25.
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