Bidding for Extended Stay intensifies

04/5/2010 | Wall Street Journal, The

The bidding for Extended Stay, currently in Chapter 11 bankruptcy, is intensifying. According to sources, Centerbridge Partners and Paulson & Co., which represent the company's creditors, matched a $905 million earlier offer by Starwood Capital Group. The board, which previously indicated it preferred the Starwood plan, has endorsed the new proposal.

View Full Article in:

Wall Street Journal, The

Published in Brief: