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Red Lion Hotels Corporation Message Board

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  • joetong419 joetong419 Mar 29, 2012 10:01 AM Flag


    Have a takeout/takeunder price it might go for?

    I only see 10-11.

    Been a rumor for more than 3 years. Many firms took a look and just one major holder has the inside track to most likely steal this one.

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    • Last time Columbia bid $9.5, but that was before the significant restructuring due to the sale of the property and purchase of the leases.

      I would hope that the deal gets done at around $12. I would be surprised if it was purchased for less than $10 though.

      Any buyer with financial strength would immediately repay/refinance the high yield preferred and immediately increase the free cash flow.

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