FelCor Jumps as Litt Seeks Sale of Hotels or Whole CompanyBy
Shares rise 6.5 percent after Land & Buildings proposal
REIT says it's made `significant progress' on strategic plan
FelCor Lodging Trust Inc. rose the most in three years after activist investor Jonathan Litt urged the company to consider options to increase shareholder value, such as finding a buyer for hotels including the Knickerbocker in Manhattan or selling itself.
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