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BlueMountain Capital Offers to Acquire Chatham Lodging Trust For $21.50/Share

Andrew Feldstein and Stephen Siderow‘s BlueMountain Capital disclosed, in a newly amended filing with the SEC, that it has sent a letter to the board of Chatham Lodging Trust (NYSE:CLDT), expressing its intention to acquire all outstanding shares of the company for $21.50 apiece in cash.

Andrew Feldstein and Stephen Siderow

Currently, BlueMountain holds around 1.26 million shares of Chatham Lodging Trust, which represent 4.89% of the company.

Check out BlueMountain’s letter below:

BlueMountain’s Letter to Chatham Lodging Trust’s Board

Disclosure: none

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