Harwood Feffer LLP Announces Investigation of Strategic Hotels & Resorts, Inc.

Sep 8, 2015

NEW YORK, Sept. 8, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Strategic Hotels & Resorts, Inc. ("Strategic Hotels" or the "Company") (NYSE: BEE) concerning the proposed acquisition of the Company by Blackstone Real Estate Partners VIII ("Blackstone").

Harwood Feffer LLP.

Under the terms of the offer, the Blackstone would acquire Strategic Hotels in a transaction valued at approximately $6 billion.  Pursuant to the deal, Strategic Hotels stockholders would receive $14.25 per share in cash.  According to Yahoo Finance, at least one analyst has set a target price for Strategic Hotels stock of $17.00 per share, and the median analyst target price is $15.25 per share.

Our investigation concerns whether the Strategic Hotels board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders. 

If you own Strategic Hotels shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Benjamin I Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

Attorney Advertising. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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SOURCE Harwood Feffer LLP