Raffles will get out of hotel operations

Article Abstract:

Singapore-based Raffles Holdings Ltd., which manages or partly owns 41 hotels worldwide, is selling its entire hotel enterprise to Colony Capital LLC of the United States. Currently ranking 17th or 18th in market capitalization and number of rooms internationally, Raffles chose to exit the hotel business rather than pursue the potential investments and cash calls it would require in order to establish a competitive global standing for itself.

Acquisitions & mergers, Singapore, Hotels & Motels, Hotels (except Casino Hotels) and Motels, Hotels and motels, Mergers, acquisitions and divestments, Company acquisition/merger, Company investment, Investments, Company financing, Temasek Holdings Private Ltd., Colony Capital L.L.C., Raffles Holdings Ltd., CapitaLand Ltd., Raffles Hotel (Singapore)

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New Germany board seeks support

Article Abstract:

New Germany Fund Inc. of the United States is facing management infighting as dissident investor Phillip Goldstein attempts to terminate closed-end fund status. The Board of Directors says this management move is not in the best interest of longterm shareholders.

Comment:

New Germany Fund Inc. of the United States is facing management infighting as dissident investor Phillip Goldstein attempts to terminate closed-end fund status.

Investor relations, United States. Securities and Exchange Commission, New Germany Fund Inc.

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More companies tap LBO firms for funding

Article Abstract:

The popularity of using funding from leveraged buyout companies is increasing, but the amount of fees that need to be paid for the investment may damage a business' finance over time.

Real estate investment trusts, Real Estate Invest Trusts, Usage, Real estate industry, Leveraged buyouts, Prison Realty Trust Inc., PZN

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