Finkelstein Thompson LLP Announces Investigation of Lodgian Inc.
25 Enero 2010 - 1:37PM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of Lodgian Inc. (“Lodgian” or the “Company”)
(AMEX: LGN) arising from the Company’s announcement of its intent
to be acquired by an affiliate of Lone Star Funds (“Lone
Star”).
Under the terms of the agreement, Lodgian shareholders will
receive $2.50 in cash for every share of Lodgian that they own in a
transaction worth approximately $270 million, including an
assumption of Lodgian’s debt. Lodgian shares have traded as high as
$3.07 in the months leading up to the announcement of the
merger.
The investigation is focused on the potential unfairness of the
price to Lodgian shareholders and the process by which the
Company’s Board of Directors considered and approved the
transaction.
If you are interested in discussing your rights as a Lodgian
shareholder, or have information relating to this investigation,
please contact Finkelstein Thompson's Washington, D.C. offices at
(877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com. Attorney
advertising. Prior results do not guarantee similar outcomes.
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