Bull & Lifshitz, LLP Announces Investigation of Sonesta International Hotels Corporation
November 07 2011 - 3:05PM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
sale of Sonesta International Hotels Corporation (NASDAQ: SNSTA -
News) (referred to as "Sonesta" or the “Company”) to Sonesta
Acquisition Corporation (“SAC”), an affiliate of Hospitality
Properties Trust, in a cash transaction valued at approximately
$174 million in total purchase price, including assumed
indebtedness and other liabilities.
Under the terms of the agreement, Sonesta shareholders will
receive $31.00 per share in cash.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders.
If you are a holder of Sonesta common stock and want to discuss
your legal rights, you may e-mail or call Bull & Lifshitz, LLP
who will, without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of Sonesta and would like more
information about our investigation, please contact Peter D. Bull,
Esq. by telephone at (866) 313-6222 or by sending an e-mail
including your contact information to: counsel@nyclasslaw.com. All
e-mail correspondence should make reference to Sonesta.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2011 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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