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Stock impact report

Tarsadia calls on Sunstone Hotel board to pursue a sale of entire company [Yahoo! Finance]

Sunstone Hotel Investors, Inc. Sunstone Hotel Investors, Inc. Common Shares (SHO) 
Last sunstone hotel investors, inc. sunstone hotel investors, inc. common shares earnings: 2/18 04:15 pm Check Earnings Report
US:NYSE Investor Relations: sunstonehotels.com
Company Research Source: Yahoo! Finance
letter to the board of directors of Sunstone calling on the Company to immediately commence a two-track process to pursue a sale of the entire Company or a plan of sale and liquidation of the Company's assets, to preserve and maximize value for shareholders. “Sunstone's current trajectory as a subscale lodging REIT is simply not tenable. The Board needs immediate refreshment and must commence a robust strategic alternatives process to unlock value for shareholders. As a long-term and engaged shareholder, Tarsadia Capital has encouraged the Board to act with urgency on the Company's persistent undervaluation in the public markets, but to no avail. If the Board desires to continue with the status quo, we are prepared to make the case for change directly to our fellow shareholders,” said Michael Ching, Tarsadia Capital. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help yo Show less Read more
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