NEW YORK, Sept. 8, 2015 /PRNewswire/ -- Harwood Feffer
LLP (www.hfesq.com) is investigating potential claims against the
board of directors of Strategic Hotels & Resorts, Inc.
("Strategic Hotels" or the "Company") (NYSE: BEE) concerning the
proposed acquisition of the Company by Blackstone Real Estate
Partners VIII ("Blackstone").
Under the terms of the offer, the Blackstone would acquire
Strategic Hotels in a transaction valued at approximately
$6 billion. Pursuant to the
deal, Strategic Hotels stockholders would receive $14.25 per share in cash. According to
Yahoo Finance, at least one analyst has set a target price for
Strategic Hotels stock of $17.00 per
share, and the median analyst target price is $15.25 per share.
Our investigation concerns whether the Strategic Hotels board of
directors is fulfilling its fiduciary duties, maximizing the value
of the Company, disclosing all material benefits and costs, and
obtaining full and fair consideration for Company
stockholders.
If you own Strategic Hotels shares and wish to discuss this
matter with us, or have any questions concerning your rights and
interests with regard to this matter, please contact:
Benjamin I Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. The law firm responsible for this
advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results
do not guarantee or predict a similar outcome with respect to any
future matter.
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SOURCE Harwood Feffer LLP