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Morgans Hotel director buys, sells shares, keeps 8.2% interest
By Lisa Kerner
Charlotte, N.C., Dec. 15 - Morgans Hotel Group Co. director W. Edward Scheetz reported the purchase of 238,328 shares and the sale of 145,000 shares of the company's stock between Nov. 24 and Dec. 12.
The shares were priced between $3.04 and $4.75 each, it was reported in a schedule 13D/A filing with the Securities and Exchange Commission.
Scheetz beneficially owns 2,446,510 shares, or 8.2%, of the New York-based hospitality company.
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