NEW YORK, Sept. 8, 2015 /PRNewswire/ -- Wolf Popper LLP is
investigating claims on behalf of investors in Strategic Hotels
& Resorts, Inc. ("Strategic") (NYSE: BEE), concerning the
proposed acquisition of Strategic by Blackstone Real Estate
Partners VIII, L.P., an affiliate of private equity firm, The
Blackstone Group L.P. Strategic shareholders seeking more
information about this acquisition can contact Carl L. Stine at (212) 759-4600 or
cstine@wolfpopper.com.
The investigation concerns whether the Company's directors are
breaching their fiduciary duties by failing to adequately maximize
shareholder value. Under the terms of the proposed
transaction, the Company's shareholders will receive $14.25 per share in cash for each Strategic share
they own. The proposed transaction has a preliminary equity
value of approximately $3.9
billion. However, the offer price is only at a 4.8%
premium to the Company's closing price of $13.60 per share on September 4, 2015, below the Company's 52-week
high of $14.41 per share and below
the 12-month median analyst price target of $15.19 per share.
Wolf Popper LLP has extensive experience representing investors
in mergers and acquisition lawsuits and has successfully ensured
that investors receive the maximum compensation. Twelve Wolf
Popper attorneys were named Rising Stars or Super Lawyers in the
2014 Super Lawyers New York City Metro Edition, including
Wolf Popper partner Carl Stine, who was included in the Super
Lawyers Top 100 List for the New York
City Metro area. View Wolf Popper attorney biographies
at www.wolfpopper.com.
Attorney Advertising: Prior Results Do Not Guarantee A Similar
Outcome.
Wolf Popper LLP
845 Third Avenue
New York, New York 10022
Telephone: 212-759-4600
Toll Free Tel: 877-370-7703
Toll Free Fax: 877-370-7704
Email: cstine@wolfpopper.com
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SOURCE Wolf Popper LLP