FELCOR: RLJ closes on its purchase of FelCor

RLJ Lodging Trust (NYSE: RLJ) closed Thursday on its acquisition of FelCor Lodging Trust Inc. in an all-stock deal that helps create a $7 billion hospitality behemoth headquartered in Bethesda. The deal was valued at about $1.02 billion based on Thursday's closing stock prices - RLJ closed up 0.1 percent at $20.18 per share, while FelCor (NYSE: FCH) shares closed up 1.1 percent at $7.30 apiece on Thursday, its last day on the New York Stock Exchange. Under the acquisition, for each FelCor share,...