LaSalle Hotel Properties (NYSE: LHO) and Pebblebrook Hotel Trust (NYSE: PEB) are both halted this morning. The halts are halts with news pending, but no one quite knows what that news is. Nonetheless, in the social space, there’s talk of a potential merger on the horizons. Today, we’ll talk about:
- The halts;
- The potential merger; and
- what we’ll be watching for with regard to LHO and PEB ahead.
LHO And PEB Halted
As mentioned above, both LaSalle Hotel Properties and Pebblebrook Hotel Trust are halted with news pending. This simply means that these stocks are not trading as big news is coming. There is no indication from either company as to what that news may be, as expected during halts.
Nonetheless, there is a rumor that’s starting to surface. The rumor likely comes from the fact that both of these companies work in the same industry and were halted at about the same time. Nonetheless, many in the social space are speculating that the two companies may merge.
The rumor makes sense. Both of the companies operate in the same industry, and if the merger takes place in the right way, it will be benefitial to investors are both the LHO and PEB sides of the fence. However, it’s important to remember that merger and takeover rumors are some of the most common in the market. Without confirmation on either side of the fence, the rumors are nothing more than speculation and speculation is risky. So, if you’re considering making a move on the LHO and PEB merger rumor, be careful!
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will continue to keep a close eye on both LHO and PEB. In particular, we’re interested in following the story surrounding the halts and learning what the coming news is. Nonetheless, we’ll continue to keep an eye on the news and bring it to you as it breaks!
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