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Service Properties Trust T.SVC


Primary Symbol: SVC

Service Properties Trust is a real estate investment trust. The Company operates through two segments: hotel investments and net lease investments. It owns a portfolio of hotels and net lease service and necessity-based retail properties. The Company owns over 221 hotels with approximately 37,000 rooms or suites located in over 36 states, in the District of Columbia, Ontario, Canada and San Juan, Puerto Rico. It owns approximately 752 service-oriented retail properties with over 13.3 million square feet located in approximately 42 states. The Company’s net lease portfolio is occupied by over 175 tenants, which is operating approximately 137 brands in over 21 industries. The Company's net lease portfolio is leased to tenants that include travel centers, quick service and casual dining restaurants, movie theaters, health and fitness centers, grocery stores, automotive parts and services and other businesses in service-oriented and necessity-based industries.


NDAQ:SVC - Post by User

Post by srtman03on May 30, 2017 12:03pm
155 Views
Post# 26300757

National Bank say's good chance of a better Bid !!! $$$$

National Bank say's good chance of a better Bid !!! $$$$Another bidder could emerge for Sandvine, says National Bank Financial May 29, 2017 By Nick Waddell Leave a Comment Share this: 0 The reasonable offer on the table for Sandvine (TSX:SVC) might not be the final one, says National Bank Financial analyst Richard Tse. On Friday, Sandvine announced it had entered into an agreement that will see it be acquired by U.S. private equity firm Vector Capital for $3.80 a share, or about $483-million. The Sandvine team has built the clear leader in network policy control, and I am extremely proud of what we have accomplished to date, said CEO Dave Caputo. There are a number of long-term growth opportunities that Vector, as a specialist technology investor, is enthusiastic about and can help us pursue more aggressively. We see this as an excellent opportunity to better serve our 300-plus customers, to enhance our strategic position over the longer term and to do it the Sandvine way. In a research update to clients today, Tse raised his rating on Sandvine from Sector Perform to Outperform and raised his one-year pric target on the stock from $3.25 to $4.50, implying a return of 45 per cent at the time of publication. The analyst thinks there is an even chance a better bid could emerge.
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