SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Strategic Hotels & Resorts, Inc. (BEE) Over the Propo...
12 September 2015 - 2:15AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Strategic Hotels & Resorts, Inc. (“Strategic
Hotels” or the “Company”) (NYSE:BEE) for potential breaches of
fiduciary duties in connection with the sale of the Company to
Blackstone Real Estate Partners VIII for approximately $6 billion
in a cash transaction.
The Company’s stockholders will only receive $14.25 for each
share of Company common stock they own. However, the offer is below
the Company’s 52-week high and at least one analyst’s price target
of $17.00 per share.
Click here for more information:
www.faruqilaw.com/BEE. There is no cost or
obligation to you.
The investigation focuses on whether Strategic Hotels’ Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct a fair sales process and whether
and by how much this proposed transaction undervalues the Company
to the detriment of Strategic Hotels’ shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients. To keep track of the latest
securities litigation news, follow us on Twitter at
www.twitter.com/MergerActivity or on Facebook at
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If you own common stock in Strategic Hotels and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/BEE or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: 877-247-4292Phone:
212-983-9330