Morgans Hotel says Sbeeg and Trousdale and other transactions contemplated by merger agreement

Industry:    2016-09-28

Morgans Hotel Group Co

* Says Sbeeg Holdings, LLC and Trousdale Acquisition Sub, Inc. And other transactions contemplated by merger agreement

* Sbeeg Holdings in process of finalizing agreements with Yucaipa Hospitality, Cain Hoy Enterprises LP, Security Benefit Corp

* SBE in process of finalizing definitive agreements for equity, debt financing negotiated at time merger agreement was executed

* Says assumption or refinancing of mortgage debt is a condition to obligation of sbe to consummate merger Source text for Eikon: Further company coverage:

 


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