MILWAUKEE, May 6, 2019 /PRNewswire/ -- Ademi & O'Reilly,
LLP is investigating the Board of Chesapeake Lodging
Trust (NYSE: CHSP) for possible breaches of fiduciary
duty and other violations of the law in connection with the sale of
CHSP to Park Hotels.
Click here to learn how to join the action:
http://ademilaw.com/case/chesapeake or call Guri Ademi toll-free at 866-264-3995.
There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges CHSP financial outlook is
improving and yet CHSP shareholders will receive the equivalent of
only $31.00 per share. Park
Hotels is purchasing CHSP at a substantial discount. The
merger agreement unreasonably limits competing bids for CHSP by
prohibiting solicitation of further bids, and imposing a
termination penalty if CHSP accepts a superior bid. CHSP insiders
will receive millions of dollars as part of change of control
arrangements. We are investigating on the conduct of CHSP's board
of directors, and whether they are (i) fulfilling their fiduciary
duties to all shareholders, and (ii) obtaining a fair and
reasonable price for CHSP.
If you own common stock in CHSP and wish to obtain additional
information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or http://ademilaw.com/case/chesapeake.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
View original
content:http://www.prnewswire.com/news-releases/shareholder-alert-ademi--oreilly-llp-investigates-whether-chesapeake-lodging-trust-has-obtained-a-fair-price-in-its-sale-to-park-hotels--resorts-inc-300844291.html
SOURCE Ademi & O'Reilly, LLP