Morgan Stanley Investment Banking Pitch Book
Project Roosevelt
• Monroe's stock has declined
substantially since mid-2015
Morgan Stanley
MONROE SELECTED INFORMATION
Price Movement Over Time
Historical Share Price / Volume Traded - Monroe
As of 3/11/2016
Share Price ($)
9
8
7
6
5
4
3
2
1
Mar. 18, 2013
OTK
announces plan
to nominate
seven
candidates to
the Monroe
Board
Jun. 5, 2013
Monroe's slate of director
nominees announces its
intention to explore full range
of strategic alternatives
including sale of company
Source CapiQ
Nov. 1, 2013
Unsolicited proposal from the
Yucaipa Companies at $8.00
per share
0
Jan-13 Apr-13 Jul-13
Volume Traded (MM)
Apr. 1, 2013
Signs deal with Yucaipa to cut debt, preferred stock in exchange
for Delano South Beach, The Light Group and other interests
Apr. 2, 2013
Jason T. Kalisman files lawsuit to block Yucaipa transaction
Apr. 9, 2013
Monroe voluntarily delays Yucaipa transaction
Feb. 10, 2014
Monroe refinances debt secured by
Hudson and Delano South Beach
May 14, 2013
Court issues ruling compelling restoration of record date
Mar. 13, 2014
Announces restructuring plan
Share Price
Sep-13 Dec-13 Mar-14 Jun-14 Sep-14
A Earnings Release
May 13, 2014
Announces retention of MS to review Strategic Alternatives
May 20, 2014
Results of election of the Board of Directors
Dec. 16, 2014
Announces
sale of The
Light Group for
$36MM to
Hakkasan
Aug. 6, 2015
WSJ article reporting on rumored merger
May 19, 2015
Interim CEO Jason
Kalisman resigns;
Howard Lorber named
Chairman and Ken
Cruse named Director
Sep. 14, 2015
WSJ article reporting on Rambleside offer
Strictly Confidential
Oct. 7, 2015
WSJ article reporting on SLS Las Vegas
Dec. 7, 2016
Company announces HWE plan to monetize assets
Dec-14 Mar-15 Jun-15 Sep-15
Feb. 20, 2016
COO Josh Fluhr
resigns
1.5
1.0
0.5
$1.63
0.0
Dec-15 Mar-16View entire presentation