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SNSTA Sonesta International Hotels Corp. (MM)

30.91
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sonesta International Hotels Corp. (MM) NASDAQ:SNSTA NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 30.91 0 01:00:00

Ryan & Maniskas, LLP Announces Investigation of Sonesta International Hotels Corp.

09/11/2011 3:57pm

Business Wire


Sonesta (NASDAQ:SNSTA)
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Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/snsta) is investigating potential claims against the board of directors of Sonesta International Hotels Corp. ("Sonesta" or the "Company") (NASDAQ: SNSTA) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell Sonesta to Sonesta Acquisition Corporation, an affiliate of Hospitality Properties Trust in a transaction valued at $174 million.

Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by Company’s board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Sonesta. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/snsta.

Under the terms of the definitive agreement, Sonesta shareholders will receive $31.00 in cash for each share of Sonesta common stock they own.

If you own shares of Sonesta and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/snsta. You may also email Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information about class action cases in general, please visit our website: www.rmclasslaw.com.

Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

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