Cases
Chesapeake Lodging Trust (CHSP)
Merger
Overview
Overview
- Date:
- 5/6/2019
- Company Name:
- Chesapeake Lodging Trust
- Stock Symbol:
- CHSP
- Company Name - Buyer:
- Park Hotels & Resorts Inc.
- Stock Symbol - Buyer:
- PK
- Status:
- Closed/Complete
- Merger Announcement Date:
- 5/6/2019
NEW YORK, May 6, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Chesapeake Lodging Trust (NYSE: CHSP) on behalf of stockholders concerning the proposed acquisition of the company by Park Hotels & Resorts Inc. (NYSE: PK).
Pursuant to the proposed transaction, announced on May 6, 2019 and valued at $2.7 billion, Chesapeake stockholders will receive 0.628 shares of Park Hotels and $11.00 in cash for each share of Chesapeake common stock owned. The investigation focuses on whether Chesapeake and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Chesapeake Lodging shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on May 6, 2019 and valued at $2.7 billion, Chesapeake stockholders will receive 0.628 shares of Park Hotels and $11.00 in cash for each share of Chesapeake common stock owned. The investigation focuses on whether Chesapeake and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Chesapeake Lodging shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.