Monday, April 16, 2007

Apollo Investment To Buy Innkeepers USA

Innkeepers USA Trust (KPA) will be acquired by Apollo Investment Corp. (AINV) for approximately $1.5 billion in cash. Shares of Innkeepers surged $1.51 to close at $17.96 while Apollo stock rose 51 cents to close at $21.88.

0 Comments:

Post a Comment

<< Home