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Prospect News home > News index > List of issuers M > Headlines for Morgans Hotel Group Co. > News item
Published on 2/26/2009 in the Prospect News Special Situations Daily.

Morgans Hotel Group director buys 806,028 shares

By Lisa Kerner

Charlotte, N.C., Feb. 26 - Morgans Hotel Group Co. director W. Edward Scheetz upped his stake in the company to 11.4% from 8.7% with the purchase of 806,028 shares between Feb. 17 and Feb. 25.

The shares were priced between $1.60 and $2.50 each, it was reported in a schedule 13D/A filing with the Securities and Exchange Commission.

Scheetz now beneficially owns 3,384,117 shares of the New York-based hospitality company.


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