Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Sonesta International Hotels Corporation (“Sonesta” or the “Company”) (NASDAQ: SNSTA) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Sonesta Acquisition Corporation, an affiliate of Hospitality Properties Trust (NYSE: HPT) of Newton, MA, in an all-cash deal valued at about $174 million, including assumed indebtedness and other liabilities. Under the terms of the proposed transaction, Sonesta stockholders will receive $31.00 in cash for each share of Sonesta common stock they own.

Request more information now by clicking here: www.faruqilaw.com/SNSTA

Whether Sonesta’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Sonesta’s shares and by how much this proposed transaction undervalues the Company to the detriment of Sonesta’s shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Sonesta and wish to obtain additional information, please visit us at www.faruqilaw.com/SNSTA or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising. (C) 2011 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

Sonesta (NASDAQ:SNSTA)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Sonesta Charts.
Sonesta (NASDAQ:SNSTA)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Sonesta Charts.