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Fly News Breaks for April 27, 2015
HME, AEC, BAM
Apr 27, 2015 | 11:11 EDT
Wells Fargo noted that a "trade publication" said that Home Properties (HME) is potentially in advanced talks to be acquired by private equity firm Lone Star Funds and the firm added it was not surprised at speculation surrounding Home Properties following Brookfield's (BAM) recent deal for Associated Estates (AEC). Wells raised its price target range on Home Properties to $77-$81 from $71-$73 citing recent market transactions, though added it has no knowledge of any talks and the neither Home Properties nor Lone Star has issued an official statement regarding the report.
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