• Morgans looks for deal
The board of Morgans Hotel Group has asked Morgan Stanley to open discussions with potential suitors, partners or buyers for the group. A special transaction committee will report back when there is any progress to pass on to stockholders. 

The company has warned that the process may not yield any suitable offer to put before stockholders. The announcement comes after continuing pressure from activist shareholders including Yucaipa.
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  http://investor.morganshotelgroup.com/phoenix.zhtml?c=194863&p=irol-newsArticle_Print_pf&ID=1963555&highlight=
 
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