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SNSTA Sonesta International Hotels Corp. (MM)

30.91
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
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

The Law Firm of Weiss & Lurie Investigates Sonesta International Hotels Corporation

11/11/2011 10:57pm

Business Wire


Sonesta (NASDAQ:SNSTA)
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From Jun 2019 to Jun 2024

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Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Sonesta International Hotels Corporation (“Sonesta”) (NASDAQ GLOBAL: SNSTA) arising from its agreement for the Company to be acquired by Sonesta Acquisition Corporation (“SAC”), an affiliate of Hospitality Properties Trust, for $31.00 per share.

Weiss & Lurie is investigating whether Sonesta’s Board acted in the best interests of its shareholders in approving the transaction and whether the Board adequately shopped the Company to obtain full consideration for Sonesta shareholders. In approving this deal, Sonesta’s Board may have breached its duties to shareholders by failing to maximize the value of their shares, such as by providing a level playing field to competing bidders or to consider alternative transactions, and by failing to make full and fair disclosure to shareholders about Sonesta’s business valuation and the conflict of interests, if any, of the Board members and its financial adviser on the deal.

If you own Sonesta shares and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Michael A. Rogovin either by email at info@weisslurie.com or by telephone at (888) 593-4771.

Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing, consumer fraud, or anti-trust violations, please email us at info@weisslurie.com or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.

Attorney Advertising. Past results do not guarantee a similar outcome.

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