Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Strategic Hotels & Resorts, Inc. Stockholders
September 08 2015 - 6:18PM
Business Wire
Kirby McInerney LLP 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 L.P. Pursuant to the terms of the definitive
agreement, Strategic Hotels stockholders will receive $14.25 in
cash for each share of Strategic Hotels common stock they own, in a
transaction valued at approximately $6 billion.
The investigation concerns whether the Strategic Hotels Board of
Directors violated its fiduciary duties by agreeing to the proposed
transaction and whether the proposed consideration adequately
values the Company’s common stock.
If you are a Strategic Hotels stockholder and wish to obtain
additional information, please contact J. Brandon Walker, Esq.
by email at bwalker@kmllp.com, or telephone at (212) 699-1145 or
toll free at (888) 529-4787, or by filling out this contact form.
There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating
in securities, whistleblower, antitrust and consumer litigation.
For additional information, please go to www.kmllp.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150908006780/en/
Kirby McInerney LLPJ. Brandon Walker, Esq., (212)
699-1145toll free at (888) 529-4787bwalker@kmllp.com