LaSalle Hotel Properties (NYSE:LHO) [Trend Analysis] knocking active thrust in leading trading session, shares a loss of -0.90% to 23.15 with around 2.52 Million shares have changed hands in this session. LaSalle Hotel Properties (LHO) revealed that it has priced an underwritten public offering of 6,000,000 6.3% Series J Cumulative Redeemable Preferred Shares at a price of $25.00 per share for gross proceeds of $150 million. The offering is expected to close on May 25, 2016, subject to customary closing conditions.
Wells Fargo Securities and BofA Merrill Lynch are acting as joint book-running managers for the offering; Citigroup and RBC Capital Markets are acting as senior co-managers; BBVA, PNC Capital Markets LLC, and US Bancorp are acting as co-managers; and Baird, SMBC Nikko, and TD Securities are acting as junior co-managers. The stock is going forward its fifty-two week low with 24.00% and lagging behind from its 52-week high price with -36.66%. Likewise the positive performance for the quarter recorded as -3.59% and for the year was -33.87%, while the YTD performance remained at -6.31%. LHO has Average True Range for 14 days of 0.65.
Shares of United Parcel Service, Inc. (NYSE:UPS) [Trend Analysis] swings enthusiastically in regular trading session, it an increase of 0.21% to close at $101.30. David Barnes, who recently announced his retirement from United Parcel Service, Inc. (UPS), where he served as senior vice president, chief information and global business services officer, was elected as a new member of the Hertz Global Holdings, Inc. (HTZ) Board of Directors during the company’s annual meeting of stockholders, which was held in Estero, Florida.
In addition to Mr. Barnes, stockholders re-elected Ms. Linda Fayne Levinson, chair of the Board of Directors since September 2014. Ms. Carolyn Everson and Messrs. Carl Berquist, Henry Keizer, Samuel Merksamer, David Ninivaggi and Chief Executive Officer John Tague were also re-elected as directors. Barnes, 60, is continuing with UPS until June 30, 2016, in a transitional capacity. UPS experts calculate Return on Investment of 30.80%. The stock is going forward its fifty-two week low with 17.86% and lagging behind from its 52-week high price with -4.79%. UPS last month stock price volatility remained 1.33%.
WL Ross Holding Corp. (NASDAQ:WLRH) [Trend Analysis] retains strong position in active trade, as shares scoring 3.00% to $9.96 in a active trade session, while looking at the shares volume, around 1.98 Million shares have changed hands in this session. WL Ross Holding Corp. (WLRH) reported that it has filed with the Securities and Exchange Commission a revision to its definitive proxy statement, dated May 9, 2016. The Proxy Revision removes a requirement that stockholders must affirmatively vote for or against the previously announced business combination with Nexeo Solutions Holdings, LLC in order to redeem their public shares for cash.
This means that stockholders who hold public shares of the Company on or before June 2, 2016 will be entitled to elect to have their public shares redeemed for cash in connection with the special meeting of stockholders to be held at 9:00 a.m., Eastern Time, on June 6, 2016, whether or not they were holders as of the previously announced record date of May 5, 2016, and whether or not such shares are voted at the Special Meeting. The firm has institutional ownership of 43.80%, while insider ownership included 30.56%.