SAN DIEGO, Sept. 6, 2018 /PRNewswire/ -- Shareholder rights
law firm Johnson Fistel, LLP has launched an investigation into
whether the board members of LaSalle Hotel Properties (NYSE: LHO)
("LaSalle ") breached their fiduciary duties in connection with the
proposed sale of the Company to Pebblebrook Hotel Trust
("Pebblebrook").
On September 6, 2018, LaSalle
announced that it had signed a definitive merger agreement with
Pebblebrook. Under the terms of the agreement, for each LaSalle
common share owned, each LaSalle shareholder will receive either a
fixed amount of $37.80 in cash or a
fixed exchange ratio of 0.92 Pebblebrook common share.
The investigation concerns whether the LaSalle board failed to
satisfy its duties to the Company shareholders, including whether
the board adequately pursued alternatives to the acquisition and
whether the board obtained the best price possible for LaSalle
shares of common stock. Nationally recognized Johnson Fistel is investigating whether the
proposed deal represents adequate consideration.
If you are a shareholder of LaSalle and believe the proposed
buyout price is too low or you're interested in learning more about
the investigation or your legal rights and remedies, please contact
lead analyst Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If emailing, please
include a phone number.
Additionally, you can [click here to join this
action]. There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York, and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
https://www.johnsonfistel.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[click here to join this action]
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SOURCE Johnson Fistel, LLP