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NEW YORK CITY-Morgans Hotel Group said Tuesday that if its board is re-elected at the company’s annual meeting on June 14, the directors would begin to explore strategic alternatives including a possible sale of the company. Last week the board voted to eliminate a “poison pill” stockholder rights plan intended to discourage such a takeover.

In a release, Morgans said the announcement that it was considering a sale came in response to stockholder feedback as well as unsolicited interest from “five potential strategic buyers.” Morgans said in May that it had received an offer last November from “a large international hotel company” proposing a cash buyout for $7.50 per common share, but found the price “not sufficiently attractive.”

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