Chatham Lodging Trust higher after buyout offer


Chatham Lodging Trust (CLDT +9.2%) trades higher after BlueMountain Capital offers to buy the company for $21.50 a share.

SEC Form 13D

Comments (1)
  • cwebjohn
    , contributor
    Comments (245) | Send Message
     
    $21.50 is a low-ball number based on FFO projections... Along with their JV assets I have this company worth just under $40 based on EBITDA * 13, which the CFO has calculated as a justified valuation.
    4 Nov 2013, 09:53 AM Reply Like
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