Cases
LaSalle Hotel Properties (NYSE: LHO)
Merger
Overview
Overview
- Date:
- 6/18/2018
- Company Name:
- LaSalle Hotel Properties
- Stock Symbol:
- LHO
- Company Name - Buyer:
- Blackstone Real Estate Partners VIII
- Status:
- Closed/Complete
NEW YORK, June 18, 2018 – Bragar Eagel & Squire, P.C. reminds investors that the Firm is investigating potential claims on behalf of LaSalle Hotel Properties (NYSE: LHO) stockholders concerning the proposed acquisition of the company by Blackstone Real Estate Partners VIII.
Our investigation concerns whether LaSalle’s board of directors failed to adequately shop the Company and obtain the best possible value for its stockholders before entering into a definitive merger agreement with Blackstone. Under the terms of the agreement, LaSalle stockholders will receive $33.50 per share in cash for each LaSalle share that they own. Despite having received a cash and stock offer of $37.80 per share from Pebblebrook Hotel Trust – a nine percent shareholder in LaSalle – LaSalle claims that the offer is not superior to that of Blackstone. LaSalle filed a Preliminary Proxy Statement on June 18, 2018.
If you own LaSalle 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.
Our investigation concerns whether LaSalle’s board of directors failed to adequately shop the Company and obtain the best possible value for its stockholders before entering into a definitive merger agreement with Blackstone. Under the terms of the agreement, LaSalle stockholders will receive $33.50 per share in cash for each LaSalle share that they own. Despite having received a cash and stock offer of $37.80 per share from Pebblebrook Hotel Trust – a nine percent shareholder in LaSalle – LaSalle claims that the offer is not superior to that of Blackstone. LaSalle filed a Preliminary Proxy Statement on June 18, 2018.
If you own LaSalle 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.