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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Source: Reuters.com