Cerberus Capital Management LP and Chatham Lodging Trust terminated their agreement to buy 64 hotels from Innkeepers USA Trust for $1.1 billion, citing a possible adverse change in the business.
Showing posts with label OMG We've Made A Horrible Mistake. Show all posts
Showing posts with label OMG We've Made A Horrible Mistake. Show all posts
Monday, August 22, 2011
Cerberus uses MAC clause to back out of $1.1 billion Innkeepers USA
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