• Morgans sale demand

Activist investor Kerrisdale Capital Management has nominated seven candidates to the Morgans Hotel group board. Kerrisdale, which has acquired more than 3% of Morgans stock, has called for an auction of company assets, reports the Wall Street Journal.

The investor argues a well capitalised global operator could exploit the Mondrian, Delano and Hudson brands. Kerrisdale says the board has shown a lack of interest in reviewing wider strategic options.
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