Volume Alert: Sunrise Senior Living (SRZ, HCP)

Posted in General 
June 30th, 2009

Sunrise Senior Living Inc. (NYSE: SRZ) shares are down nearly 20, and have traded almost a day’s average volume in the first hour of the session after real estate investment trust HCP Inc. (NYSE: HCP) alleged a Sunrise contract breach. HCP  wants to  terminate agreements on 64 properties operated by Sunrise, alleging that they’re being run to the detriment of HCP. — Mike Tarsala

 

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