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MHGC News

Potential Morgans Hotel Group (MHGC) Sale Raises Questions From Major Investor

Gregory Cohen of Rambleside Holdings, wrote to the board that his company was concerned that Morgans would be undervalued in a transaction. Morgans has been for sale since May 2014.

With Heavy Lifting Done, Morgans Hotel Could Be Primed for Sale

One analyst increased his buyout target to $14 for the hotel operator and believes the opportunity exists for a sale since the company now has positive cash flow.

3 Leisure Stocks Pushing Industry Growth

TheStreet highlights 3 stocks that pushed the Leisure industry

Hard Rock is Low on Chips With Debt Payment Due

The owner of the Hard Rock Hotel & Casino Las Vegas has until June 2 to make up the interest it owes to its lender, but doesn't believe it'll be able to do it.

Activist Says Morgans Hotel Can Fetch $341M in a Sale

Luxury hotelier Morgans Hotel Group could receive as much as $341 million if the company elects to sell itself, according to one activist investor looking to elect a new slate of directors at the company's annual meeting.

Breaking News

GameStop Stock Surges On Plans For 4-For-1 Stock Split

GameStop will pay a three-share dividend to investors on July 21, with the stock trading on a split-adjusted basis the following day.

Samsung Forecasts Best Quarterly Profits In Four Years, Boosting US Chip Stocks

Chipmakers Intel and Nvidia got a boost Thursday after Samsung Electronic forecast its strongest quarterly profits in four years.

Seagen Stock Leaps On Report Of $40 Billion Takeover By Merck & Co.

Merck is reportedly eying cancer drug specialists Seagen as it looks to replace revenue from its Keytruda blockbuster, which loses patent exclusivity in 2028.

Costco Raises Two Key Food-Court Prices (But Not Hot Dogs)

The Costco warehouse club has been hesitant to pass on price increases to customers, but two popular menu items in its food court now cost more.