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Red Lion Hotels Corporation Message Board

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  • jimgray30 jimgray30 Mar 29, 2012 7:12 PM Flag


    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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