20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Hersha Hospitality Trust (NYSE:HT) shares are spiking higher after it announced a merger with KSL Capital Partners LLC, an investor in travel and leisure businesses.
Under the agreement, affiliates of KSL will acquire all of the outstanding common shares of Hersha for $10.00 per share in an all-cash transaction valued at approximately $1.4 billion.
The purchase price represents a premium of approximately 60% over Hersha's closing share price on August 25, 2023.
"Following a multi-year comprehensive review by the independent Transaction Committee of Hersha's Board of Trustees, the Board and management team are confident this step will allow us to deliver value for our shareholders while refocusing on growing the business over a longer period of time," said Executive Chairman Jay H. Shah.
The transaction is expected to be completed in the fourth quarter of 2023.
Certain members of Hersha's executive management team and certain of their affiliated trusts have signed separate voting agreements in support of the proposed transaction.
Uupon completion of the transaction, Hersha's common shares, and preferred shares will no longer be listed on any public securities exchange.
Price Action: HT shares are trading higher by 57.3% at $9.88 in premarket on the last check Monday.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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