NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) investors concerning the proposed acquisition of the company by Marriott Hotels for approximately $12.2 billion.
The investigation concerns whether the company’s board of directors violated their fiduciary duties by failing to adequately maximize stockholder value. Under the terms of the proposed transaction, Starwood’s stockholders will receive 0.92 Marriott shares and $2 in cash for each Starwood share they own, or approximately $72.08 per share.
TheStreet’s Jim Cramer called the proposed transaction “a terrible deal for Starwood shareholders” on CNBC’s Squawk on the Street.
If you purchased Starwood securities, have information or 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 J. Brandon Walker, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information, please go to www.bespc.com.
