Hersha Hospitality Trust shares are trading higher after the company announced it will be acquires by KSL Capital Partners.
Portfolio Pulse from Benzinga Newsdesk
Hersha Hospitality Trust (HT) has announced that it will be acquired by KSL Capital Partners. This news has led to an increase in HT's share price.
August 28, 2023 | 3:05 pm
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POSITIVE IMPACT
Hersha Hospitality Trust's shares are trading higher following the announcement of its acquisition by KSL Capital Partners.
The acquisition announcement by KSL Capital Partners has led to a positive market reaction, causing HT's share price to increase. This suggests that investors view the acquisition as a positive development for HT.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100