Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Friday, September 11, 2015
Faruqi & Faruqi Investigation: Strategic Hotels & Resorts, Inc.
The Company’s stockholders will only receive $14.25 for each share of Company common stock they own. However, the offer is below the Company’s 52-week high and at least one analyst’s price target of $17.00 per share.
The investigation focuses on whether Strategic Hotels’ Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Strategic Hotels’ shareholders.
If you own common stock in Strategic Hotels and wish to obtain additional information and protect your investments free of charge, please contact F&F'sJuan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.