Sotherly Hotels Stock Jumps Over 140% Following $2.25 Per Share Agreement
Acquisition Details: Sotherly Hotels Inc. is set to be acquired by a joint venture led by Kemmons Wilson Hospitality Partners and Ascendant Capital Partners, with a purchase price of $2.25 per share, representing a 153% premium over its recent closing price.
Board Approval and Leadership Insights: The acquisition received unanimous approval from Sotherly's board, with leadership highlighting the significant value for shareholders and the potential for future growth in the hotel portfolio.
Financing and Closing Timeline: The acquisition will be financed by affiliates of Apollo Global Management and Ascendant, and is expected to close in the first quarter of 2026, pending shareholder approval.
Market Reaction: Following the announcement, Sotherly's stock price surged by 141.49%, reflecting investor optimism about the acquisition.
Get Free Real-Time Notifications for Any Stock
Analyst Views on SOHO
About SOHO
About the author

Halper Sadeh LLC Urges QRVO, SOHO, and AWK Shareholders to Reach Out to the Firm Regarding Their Rights
Investigation of Companies: Halper Sadeh LLC is investigating Qorvo, Inc., Sotherly Hotels Inc., and American Water Works Company, Inc. for potential violations of federal securities laws and breaches of fiduciary duties to shareholders related to their recent transactions.
Details of Transactions: Qorvo is being sold to Skyworks Solutions for $32.50 in cash and shares, Sotherly Hotels is being sold to KW Kingfisher for $2.25 per share, and American Water is merging with Essential Utilities, with shareholders owning approximately 69% of the new entity.
Legal Rights for Shareholders: Shareholders of the involved companies are encouraged to contact Halper Sadeh LLC to discuss their legal rights and options, with the firm offering services on a contingent fee basis.
Firm's Background: Halper Sadeh LLC represents global investors affected by securities fraud and corporate misconduct, having successfully implemented corporate reforms and recovered significant amounts for defrauded investors.

Gold Declines 3%; Carter's Stock Rises Following Q3 Earnings Report
U.S. Stock Market Performance: U.S. stocks saw gains, with the Dow Jones up 0.51%, NASDAQ rising 1.68%, and S&P 500 increasing by 1.01% on Monday.
Carter's Inc Earnings Report: Carter's Inc shares rose 5% after reporting third-quarter earnings of 74 cents per share, slightly above analyst expectations, but sales fell short of estimates.
Significant Stock Movements: Sotherly Hotels Inc shares surged 137% following an acquisition announcement, while Intellia Therapeutics and Organon & Co saw significant declines of 43% and 20%, respectively.
Global Market Trends: European and Asian markets closed higher, with notable gains in Japan's Nikkei 225 and Spain's IBEX 35, while commodities like oil and gold experienced slight fluctuations.








