Apollo Global Real Estate Management’s (NASDAQ:APO) affiliates-managed real estate investment fund and Driftwood Hospitality Management, announced the purchase of the DoubleTree Suites by Hilton Columbus Downtown, marking the fifth property bought through a joint venture between Driftwood and AGRE, which was formed in July 2011 to concentrate on buying, renovating and reflagging full-service hotels throughout the country. Shares closed down 1.05 percent on the day at $16.03, having been traded in a 52-week range of $10.42 to $16.29.
DISH Network Corporation (NASDAQ:DISH) was reportedly approached by Sprint Nextel Corporation (NYSE:S) in regards to an agreement that would allow the former the ability to offer mobile-phone service over Sprint’s network, according to a Bloomberg report that cites inside sources, who added that the potential deal would permit Sprint access to Dish’s currently unused mobile airwaves, and that a revenue sharing or fee-based arrangement would likely ensue. Shares closed up 0.94 percent on the day at $37.68, and have been traded in a 52-week range of $24.89 to $37.37.
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Emcor Group’s (NYSE:EME) board has granted a 20 percent increase in the firm’s quarterly dividend to 6 cents per share from 5 cents. In addition, the board declared a special cash dividend of 25 cents per share. Both dividends will be paid on December 28th to stockholders of record as of December 18th. The quarterly dividend will be accelerated and will replace the regular quarterly dividend that would have been paid in January. Shares closed up 0.6 percent on the day at $33.43, having been traded in a 52-week range of $24.37 to $33.37.
Ingersoll-Rand (NYSE:IR) might divest some assets and continue to reduce costs, according to the Wall Street Journal. Shares closed up 1.02 percent on the day at $48.69, and have been traded in a 52-week range of $29.68 to $49.00.