BX - Extended Stay paring loss on report of another holder opposed to takeout

Extended Stay (STAY) is paring an earlier loss after a report that another top holder is against Blackstone (BX) and Starwood Capital's takeover.The unidentified investor has just under a 5% stake in the hotel chain, according to Dealreporter.  The investor wouldn't support the current deal unless their is a "significant" increase from the current $19.50/share deal.The shareholder vote is set for June 8The unidentified investors joins Tarsadia Capital, one of STAY's biggest holders with a ~3.9% of the REIT's shares, who is opposed to the deal. Tarsadia filed a preliminary proxy statement to solicit votes against the proposed sale in late April.Extended Stay holder Reinhart Partners, which held a 1.4% stake in STAY at the end of Q4, is likely to vote against a sale, according to a Dealreporter story in March. Two other unidentified holders also raised questions about the deal to the publication.In March, 2% holder Hawk Ridge Capital Management and

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Extended Stay paring loss on report of another holder opposed to takeout