NEW YORK, May 21, 2018 /PRNewswire/ -- Tripp Levy PLLC, a
leading national securities and shareholder rights law firm,
announces that it is investigating the potential sale of LaSalle
Hotel Properties (NYSE: LHO) ("LaSalle" or the "Company") on behalf
of its shareholders. LaSalle announced that it has entered
into a definitive agreement to be acquired by the private equity
firm Blackstone in a cash deal valued at approximately $4.8 billion. Blackstone will acquire
LaSalle for $33.50 in cash per
share.
Our investigation has determined that the offer price of only
$33.50 per share, unfairly
under-values the true going forward inherent value of LaSalle and
that shareholders may not be receiving the maximum value for their
shares. Indeed, the stock reached a high of $34 per share this year. The
investigation further seeks to determine whether LaSalle's senior
management is entering into this deal for their own self-interests
to the detriment of the Company's shareholders.
If you are a shareholder of LaSalle and would like additional
information as to how the proposed acquisition may affect your
rights as a shareholder, and how you may be eligible to obtain a
higher price for your shares at no cost, please contact us at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional
shareholders in mergers and acquisitions transactions and has
assisted in the recovery of billions of dollars for shareholders in
securities actions around the globe.
Attorney advertising. Prior results do not indicate a
similar outcome.
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SOURCE Tripp Levy PLLC
