• Strategic share issue

Strategic Hotels has announced a share offering to raise around USD260m. The funds will be used to pay for the recently acquired Four Seasons Resort Scottsdale, and to redeem preferred stock. 

The issue of 20 million shares has the potential for a further 3 million overage, depending on investor demand. The issue is being managed by JP Morgan.
Read the full story here:
http://ir.strategichotels.com/phoenix.zhtml?c=176522&p=irol-newsArticle&ID=1993875
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