Soho House nears $9-a-share buyout led by MCR Hotels
Soho House (SHCO) is close to a $9-per-share go-private deal led by MCR Hotels, valuing the chain at $1.8 billion, WSJ reported. The bid is 18% above Friday's close. Ron Burkle and other holders will roll over stakes, while Apollo will back the deal with $700 million financing. Retail sentiment stayed bullish ahead of the news.