11/5/2013

BlueMountain Capital Management has made an offer to acquire Chatham Lodging Trust at $21.50 per share, valuing the company at $565 million. BlueMountain has a 5% stake in the REIT and its offer price is a 15% premium over the previous day's closing price. Shares in the REIT rose to a 52-week high after the offer was made.

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