Equity Inns (ENN) Higher As Takeover Rumors Gain Steam
Equity Inns (NYSE: ENN) is higher today as recent takeover speculation gains steam. Yesterday, Stifel Nicolaus analyst Rod Petrik noted that the company has twice cancelled meetings with them for next week's NAREIT meetings. Petrik thinks the company's portfolio would attract a fair amount of interest.
Shares of Equity Inns are up about 5% today to $20.60 and up 20% since the begining of May.
Shares of Equity Inns are up about 5% today to $20.60 and up 20% since the begining of May.
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