NEW YORK--(BUSINESS WIRE)--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 Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, 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 concerning our investigation of LaSalle Hotel Properties, please go to https://bespc.com/lasalle/. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.