Sachs

On Friday, the IPO for Jumei International (NYSE: JMEI) was released to a bullish open with some profit taking coming soon after. The company priced shares at $22, an amount slightly higher than the original $19.50-$21.50 anticipated by Jumei. The stock ended up opening at $27.25, with 9.5...

In an article posted late Friday, the New York Post reported that Barry Sternlicht of Starwood has made a bid for Sachs (NYSE: SKS) of between $17-18 per share. Shares spiked higher on the news. "Barry Sternlicht — the New York real-estate titan who created the W Hotels chain — has submitted a bid...