Sotherly Hotels Inc. Set to Be Acquired by Joint Venture Supported by Kemmons Wilson Hospitality Partners and Ascendant Capital Partners
Merger Announcement: Sotherly Hotels Inc. has entered into a definitive merger agreement with a joint venture led by Kemmons Wilson Hospitality Partners, which will acquire all outstanding shares of Sotherly common stock for $2.25 per share in cash, representing a significant premium over recent share prices.
Board Approval: The merger has been unanimously approved by Sotherly's board of directors following a recommendation from a special committee of independent directors, emphasizing the transaction's value for stockholders.
Future Prospects: Sotherly's leadership expressed confidence that the merger will enhance the company's portfolio and operational success, with the joint venture bringing additional resources and expertise to the hotels.
Closing Timeline: The merger is expected to close in the first quarter of 2026, pending stockholder approval and customary closing conditions, with Sotherly not hosting a conference call for its recent financial results due to the merger announcement.
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Halper Sadeh LLC Urges QRVO, SOHO, and AWK Shareholders to Reach Out to the Firm Regarding Their Rights
Investigation of Companies: Halper Sadeh LLC is investigating Qorvo, Inc., Sotherly Hotels Inc., and American Water Works Company, Inc. for potential violations of federal securities laws and breaches of fiduciary duties to shareholders related to their recent transactions.
Details of Transactions: Qorvo is being sold to Skyworks Solutions for $32.50 in cash and shares, Sotherly Hotels is being sold to KW Kingfisher for $2.25 per share, and American Water is merging with Essential Utilities, with shareholders owning approximately 69% of the new entity.
Legal Rights for Shareholders: Shareholders of the involved companies are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options, with the firm offering services on a contingent fee basis.
Firm's Background: Halper Sadeh LLC represents global investors affected by securities fraud and corporate misconduct, having successfully implemented corporate reforms and recovered significant amounts for defrauded investors.
Gold Declines 3%; Carter's Stock Rises Following Q3 Earnings Report
U.S. Stock Market Performance: U.S. stocks saw gains, with the Dow Jones up 0.51%, NASDAQ rising 1.68%, and S&P 500 increasing by 1.01% on Monday.
Carter's Inc Earnings Report: Carter's Inc shares rose 5% after reporting third-quarter earnings of 74 cents per share, slightly above analyst expectations, but sales fell short of estimates.
Significant Stock Movements: Sotherly Hotels Inc shares surged 137% following an acquisition announcement, while Intellia Therapeutics and Organon & Co saw significant declines of 43% and 20%, respectively.
Global Market Trends: European and Asian markets closed higher, with notable gains in Japan's Nikkei 225 and Spain's IBEX 35, while commodities like oil and gold experienced slight fluctuations.
Nasdaq Rises by 300 Points; Keurig Dr Pepper Stock Soars Following Q3 Earnings Report
U.S. Stock Market Performance: U.S. stocks opened higher, with the Nasdaq Composite gaining over 300 points, while the Dow rose 0.41% and the S&P 500 increased by 0.82%. Information technology shares saw a 1.5% jump, but consumer staples stocks fell by 0.3%.
Keurig Dr Pepper's Financial Results: Keurig Dr Pepper Inc. shares surged around 6% after exceeding sales expectations for Q3 2025, reporting a 10.7% year-over-year sales increase and maintaining adjusted earnings per share at 54 cents.
Significant Stock Movements: Sotherly Hotels Inc. shares skyrocketed 137% following an acquisition announcement, while Co-Diagnostics, Inc. and BIO-key International, Inc. also saw substantial gains of 133% and 110%, respectively. Conversely, Intellia Therapeutics, Inc. and Genenta Science S.p.A. experienced significant declines of 42%.
Global Market Overview: European shares were mixed, with the eurozone's STOXX 600 slightly up, while Asian markets closed higher, led by Japan's Nikkei 225 gaining 2.46%. Commodity prices showed a slight decline in oil and gold, while copper rose by 0.8%.
Sotherly Hotels Stock Jumps Over 140% Following $2.25 Per Share Agreement
Acquisition Details: Sotherly Hotels Inc. is set to be acquired by a joint venture led by Kemmons Wilson Hospitality Partners and Ascendant Capital Partners, with a purchase price of $2.25 per share, representing a 153% premium over its recent closing price.
Board Approval and Leadership Insights: The acquisition received unanimous approval from Sotherly's board, with leadership highlighting the significant value for shareholders and the potential for future growth in the hotel portfolio.
Financing and Closing Timeline: The acquisition will be financed by affiliates of Apollo Global Management and Ascendant, and is expected to close in the first quarter of 2026, pending shareholder approval.
Market Reaction: Following the announcement, Sotherly's stock price surged by 141.49%, reflecting investor optimism about the acquisition.
What’s Driving the Surge in Sotherly Hotels Stock (SOHO) Today?
Acquisition Announcement: Sotherly Hotels (SOHO) stock surged after announcing an acquisition agreement with a joint venture led by Kemmons Wilson Hospitality Partners and Ascendant Capital Partners, which will pay $2.25 per share, reflecting significant premiums over recent stock prices.
Market Reaction: Following the announcement, SOHO stock rose 141.49% in pre-market trading, with heavy trading volume exceeding 6.3 million shares, compared to an average of 336,000 shares over the past three months.
HALPER SADEH LLC ENCOURAGES AWK, WTRG, SOHO SHAREHOLDERS TO CONTACT THE FIRM TO DISCUSS THEIR RIGHTS
Investigation of Companies: Halper Sadeh LLC is investigating American Water Works Company, Essential Utilities, and Sotherly Hotels for potential violations of federal securities laws and breaches of fiduciary duties to shareholders related to their merger and sale transactions.
Shareholder Rights: Shareholders of the involved companies are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options, as there may be limited time to enforce these rights.
Legal Representation: The firm offers to handle cases on a contingent fee basis, meaning shareholders would not incur out-of-pocket legal fees unless the case is successful.
Firm's Background: Halper Sadeh LLC represents investors globally who have experienced securities fraud and corporate misconduct, aiming to implement corporate reforms and recover funds for defrauded investors.
Halper Sadeh LLC Urges QRVO, SOHO, and AWK Shareholders to Reach Out to the Firm Regarding Their Rights
Investigation of Companies: Halper Sadeh LLC is investigating Qorvo, Inc., Sotherly Hotels Inc., and American Water Works Company, Inc. for potential violations of federal securities laws and breaches of fiduciary duties to shareholders related to their recent transactions.
Details of Transactions: Qorvo is being sold to Skyworks Solutions for $32.50 in cash and shares, Sotherly Hotels is being sold to KW Kingfisher for $2.25 per share, and American Water is merging with Essential Utilities, with shareholders owning approximately 69% of the new entity.
Legal Rights for Shareholders: Shareholders of the involved companies are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options, with the firm offering services on a contingent fee basis.
Firm's Background: Halper Sadeh LLC represents global investors affected by securities fraud and corporate misconduct, having successfully implemented corporate reforms and recovered significant amounts for defrauded investors.
Gold Declines 3%; Carter's Stock Rises Following Q3 Earnings Report
U.S. Stock Market Performance: U.S. stocks saw gains, with the Dow Jones up 0.51%, NASDAQ rising 1.68%, and S&P 500 increasing by 1.01% on Monday.
Carter's Inc Earnings Report: Carter's Inc shares rose 5% after reporting third-quarter earnings of 74 cents per share, slightly above analyst expectations, but sales fell short of estimates.
Significant Stock Movements: Sotherly Hotels Inc shares surged 137% following an acquisition announcement, while Intellia Therapeutics and Organon & Co saw significant declines of 43% and 20%, respectively.
Global Market Trends: European and Asian markets closed higher, with notable gains in Japan's Nikkei 225 and Spain's IBEX 35, while commodities like oil and gold experienced slight fluctuations.
Nasdaq Rises by 300 Points; Keurig Dr Pepper Stock Soars Following Q3 Earnings Report
U.S. Stock Market Performance: U.S. stocks opened higher, with the Nasdaq Composite gaining over 300 points, while the Dow rose 0.41% and the S&P 500 increased by 0.82%. Information technology shares saw a 1.5% jump, but consumer staples stocks fell by 0.3%.
Keurig Dr Pepper's Financial Results: Keurig Dr Pepper Inc. shares surged around 6% after exceeding sales expectations for Q3 2025, reporting a 10.7% year-over-year sales increase and maintaining adjusted earnings per share at 54 cents.
Significant Stock Movements: Sotherly Hotels Inc. shares skyrocketed 137% following an acquisition announcement, while Co-Diagnostics, Inc. and BIO-key International, Inc. also saw substantial gains of 133% and 110%, respectively. Conversely, Intellia Therapeutics, Inc. and Genenta Science S.p.A. experienced significant declines of 42%.
Global Market Overview: European shares were mixed, with the eurozone's STOXX 600 slightly up, while Asian markets closed higher, led by Japan's Nikkei 225 gaining 2.46%. Commodity prices showed a slight decline in oil and gold, while copper rose by 0.8%.
Sotherly Hotels Stock Jumps Over 140% Following $2.25 Per Share Agreement
Acquisition Details: Sotherly Hotels Inc. is set to be acquired by a joint venture led by Kemmons Wilson Hospitality Partners and Ascendant Capital Partners, with a purchase price of $2.25 per share, representing a 153% premium over its recent closing price.
Board Approval and Leadership Insights: The acquisition received unanimous approval from Sotherly's board, with leadership highlighting the significant value for shareholders and the potential for future growth in the hotel portfolio.
Financing and Closing Timeline: The acquisition will be financed by affiliates of Apollo Global Management and Ascendant, and is expected to close in the first quarter of 2026, pending shareholder approval.
Market Reaction: Following the announcement, Sotherly's stock price surged by 141.49%, reflecting investor optimism about the acquisition.
What’s Driving the Surge in Sotherly Hotels Stock (SOHO) Today?
Acquisition Announcement: Sotherly Hotels (SOHO) stock surged after announcing an acquisition agreement with a joint venture led by Kemmons Wilson Hospitality Partners and Ascendant Capital Partners, which will pay $2.25 per share, reflecting significant premiums over recent stock prices.
Market Reaction: Following the announcement, SOHO stock rose 141.49% in pre-market trading, with heavy trading volume exceeding 6.3 million shares, compared to an average of 336,000 shares over the past three months.
HALPER SADEH LLC ENCOURAGES AWK, WTRG, SOHO SHAREHOLDERS TO CONTACT THE FIRM TO DISCUSS THEIR RIGHTS
Investigation of Companies: Halper Sadeh LLC is investigating American Water Works Company, Essential Utilities, and Sotherly Hotels for potential violations of federal securities laws and breaches of fiduciary duties to shareholders related to their merger and sale transactions.
Shareholder Rights: Shareholders of the involved companies are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options, as there may be limited time to enforce these rights.
Legal Representation: The firm offers to handle cases on a contingent fee basis, meaning shareholders would not incur out-of-pocket legal fees unless the case is successful.
Firm's Background: Halper Sadeh LLC represents investors globally who have experienced securities fraud and corporate misconduct, aiming to implement corporate reforms and recover funds for defrauded investors.
