SAN DIEGO, May 21, 2018 /PRNewswire/ -- Shareholder
rights law firm Johnson Fistel, LLP has launched an investigation
into whether the board members of LaSalle Hotel Properties
("LaSalle") (NYSE: LHO) breached their fiduciary duties in
connection with the proposed sale of the Company to Blackstone
Group LP ("Blackstone").
On May 21, 2018, LaSalle announced
that it had signed a definitive merger agreement with Blackstone.
Under terms of the deal, Blackstone will pay $33.50 in cash for each LaSalle share
outstanding.
The investigation concerns whether the LaSalle board failed to
satisfy its duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for LaSalle
shares of common stock.
If you are a shareholder of LaSalle and believe the proposed
buyout price is too low or you're interested in learning more about
the investigation or your legal rights and remedies, please contact
lead analyst Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If emailing, please
include a phone number.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
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content:http://www.prnewswire.com/news-releases/lasalle-lho-alert-johnson-fistel-investigates-proposed-sale-of-lasalle-hotel-properties-are-lasalle-shareholders-getting-a-fair-price-300651813.html
SOURCE Johnson Fistel, LLP
