STAY News and Press, Extended Stay America Inc. From 03/22/21

Merger activity remained steady last week. Two of the largest deals of this year were announced last week. SPAC activity continues to grow at a steady pace. For further details see: Merger Arbitrage Mondays - Coherent Shareholders Delighted By Another Round Of Counteroff...

Extended Stay America (STAY) stock rises 1.2% to $19.61, implying that investors expect to get a higher price than the $19.50 per paired share that Blackstone and Starwood Capital agreed to pay for the extended-stay hotel chain REIT.Tarsadia Capital, along with certain affiliates and fun...

Tarsadia Had Privately Nominated Three Independent, World-Class Director Candidates for Election to Company’s Underqualified Board Tarsadia Opposes Transaction and Sends Letter to Extended Stay America Shareholders Tarsadia Capital, LLC, together with certain ...

On March 15, 2021, the major American air carriers announced a significant increase in March revenues. They raised estimates and dates for a return to profitability. The Transport Security Administration (TSA) daily passenger data for 2021 has reached one-year highs and is breaking-ou...

Baird analyst Michael J. Bellisario downgrades Extended Stay America ([[STAY]] +0.5%) to Neutral, reversing last week's upgrade, as he sees Blackstone ([[BX]] -0.7%)/Starwood Capital's pending acquisition of the REIT representing a fair valuation."We do not see a topping bid emerging; we expe...

Shares of Extended Stay America, Inc. (NASDAQ: STAY) jumped as much as 14.8% in trading on Monday after the company announced it would be acquired. Shares traded in a very small range by mid-day and are up 13.6% at 3:30 p.m. EDT. Extended Stay America announced that a 50/50 join...

A number of hotel REITs gain after Blackstone and Starwood Capital Group agreed to acquire Extended Stay Americas ([[STAY]] +13.3%) in a $6B deal, even though most other publicly traded lodging name don't focus solely on the extended stay sector.Among names on rise in midday trading (New...

Intec Pharma Ltd (NTEC) +142% on announcing merger agreement with Decoy Biosystems.Check-Cap Ltd. (CHEK) +113% after receiving FDA IDE approval for pivotal study of C-Scan®.Acer Therapeutics (ACER) +67%.Shaw Communications (SJR) +55% as Rogers to acquire the company in C$2...

Extended Stay America (STAY) stock rises 16% in premarket trading  to $19.70, exceeding the $19.50 per paired share price Blackstone (BX) and Starwood Capital agreed to pay for the REIT in a definitive agreement.That implies that some investors expect Extended Stay will extract...

CHARLOTTE, N.C., March 15, 2021 (GLOBE NEWSWIRE) -- Extended Stay America, Inc. (“ESA”) and its paired-share REIT, ESH Hospitality, Inc. (“ESH” and together with ESA, the “Company”) (NASDAQ: STAY) announced today that it has signed a definitive agre...