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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Lasalle Hotel Properties (delisted) | NYSE:LHO | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 32.06 | 0 | 01:00:00 |
From Jul 2019 to Jul 2024
NEW YORK, May 21, 2018 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the potential sale of LaSalle Hotel Properties (NYSE: LHO) ("LaSalle" or the "Company") on behalf of its shareholders. LaSalle announced that it has entered into a definitive agreement to be acquired by the private equity firm Blackstone in a cash deal valued at approximately $4.8 billion. Blackstone will acquire LaSalle for $33.50 in cash per share.
Our investigation has determined that the offer price of only $33.50 per share, unfairly under-values the true going forward inherent value of LaSalle and that shareholders may not be receiving the maximum value for their shares. Indeed, the stock reached a high of $34 per share this year. The investigation further seeks to determine whether LaSalle's senior management is entering into this deal for their own self-interests to the detriment of the Company's shareholders.
If you are a shareholder of LaSalle and would like additional information as to how the proposed acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares at no cost, please contact us at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and has assisted in the recovery of billions of dollars for shareholders in securities actions around the globe.
Attorney advertising. Prior results do not indicate a similar outcome.
View original content with multimedia:http://www.prnewswire.com/news-releases/lasalle-buyout-alert---national-securities-law-firm-seeks-higher-price-for-lasalle-hotel-shareholders-in-connection-with-proposed-buyout-and-encourages-shareholders-to-contact-tripp-levy-pllc-law-firm-for-more-information-300651911.html
SOURCE Tripp Levy PLLC
Copyright 2018 PR Newswire
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