Home Inns Close To Buying China's Motel 168 Chain | wsj.com

Nasdaq-listed Home Inns & Hotels Management Inc. (HMIN) is close to buying the company that owns China's Motel 168 chain from Morgan Stanley (MS) and other shareholders for about US$500 million in a cash and stock deal that will fetch around half what the owners originally sought, according to three people familiar with the transaction.