NEW YORK, May 06, 2019 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Chesapeake Lodging Trust (NYSE: CHSP) on behalf of stockholders concerning the proposed acquisition of the company by Park Hotels & Resorts Inc. (NYSE: PK).
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Pursuant to the proposed transaction, announced on May 6, 2019 and valued at $2.7 billion, Chesapeake stockholders will receive 0.628 shares of Park Hotels and $11.00 in cash for each share of Chesapeake common stock owned. The investigation focuses on whether Chesapeake and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Chesapeake 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 email@example.com, or telephone at (212) 308-1869, 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 Chesapeake please go to https://bespc.com/chsp/. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.