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Wednesday, 27 March 2002

Mid-Atlantic Digest (3/28/02): Shaner Makes Hostile Offer for Pa. Hotel Firm

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March 28, 2002

Shaner makes hostile offer for Interstate
The Pittsburgh Tribune-Review

STATE COLLEGE, Pa. – He tried being nice. Now Lance Shaner is playing hardball in his bid to acquire a Green Tree, Pa., hotel management company. Thrice rebuffed by Interstate Hotels Corp., Shaner, chairman of Shaner Hotel Group of State College, is offering an all-cash tender of $7.4 million to acquire 45 percent of the company's Class-A common shares. When combined with the 6 percent he already owns, he would have a controlling 51 percent majority of the company. Shaner's offer is $3 per share. Interstate stock closed Wednesday at $2.11, down three cents for the day. Shaner said he would be willing to negotiate any aspect of his offer, including the amount.

ING riverfront expansion plans detailed
The News Journal (Wilmington, Del.)

WILMINGTON, Del. – ING Direct has plans to expand its presence along Wilmington's riverfront by adding offices, a parking garage and a public atrium, city and state officials said Wednesday. Executives at the Wilmington-based online bank have submitted plans to expand into the historic Pennsylvania Railroad Building and build a garage in front of Tubman Garrett Riverfront Park. A second phase of their proposal would create an atrium between the Pennsylvania Building and the adjacent Amtrak station. A time line has not been set. ING officials have said they were looking to expand to accommodate the growing operational needs of their headquarters on Orange Street, along the Delaware River next to the Riverfront Market. ING employs about 315 people there. The plans, which have the backing of state and city officials, also include occupying some unused space at the Amtrak station.

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Additional Info

  • Syndicate to Realpoint: No
  • Subject: Mid-Atlantic Regional Digest (MADIG)
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Data Digest







Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44




cppichart FP



CMBS 2.0 Spreads


Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41





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