- Number of Hersha hotels doubles
Since going public in January 1999, Hersha Hospitality Trust has doubled the number of hotels it owns to 20, partly through acquisitions outside Central Pennsylvania. Hersha, headquartered in Fairview Township, York County, plans to offer a second round of shares to the public by the end of this year, probably ......
- Investors, IPOs, and Shark Repellent
After almost grinding to halt in recent years, IPO activity is once again on the rise. A growing IPO market should be a good deal for private equity investors, who often use initial public offerings as an exit strategy for their investments. Sometimes, however, a company's defensive provisions may make ......
- ARAMARK going public
Aramark, the Philadelphia, PA-based contractor, has filed a registration statement with the Securities and Exchange Commission (SEC) for an initial public offering (IPO) of shares of new Aramark Class B common stock.
- After 17 years, Aramark looks to go public again
HEADNOTE Company cites need for greater financial flexibility and funding for strategic initiatives. IMAGE PHOTOGRAPH 2 RMK IPO: Aramark's home office In Philadelphia glows In anticipation of Its public offering. Aramark Corp. has filed a kregistration statement with the Securities & Exchange Commission for an initial public offering (IPO) of ......
- PNA Group Holding Corporation Files Registration Statement for Initial Public Offering of Common Stock.
ATLANTA -- PNA Group Holding Corporation (the "Company") today announced that it has filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock. Net proceeds of the offering are expected to be used (i) to repay Senior Floating Rate ......
- Takeover activity and the long-run performance of
reverse leveraged buyouts.
A reverse leveraged buyout occurs when either a publicly traded firm or a division within one converts to private ownership via a leveraged buyout (LBO) and subsequently goes public. This paper examines the three-year investment performance of these firms after going public,(1) and further explores the high incidence of takeover ......
- Briefs
Petroleum giant BP is selling its Innovene unit to Ineos Group for $9 billion in the biggest takeover in the chemicals industry since 2001. Innovene consists largely of BP's olefins assets, including ethylene and derivatives, and two oil refineries, spokesman Scott Dean said in a recent news report. It makes ......