Harwood Feffer LLP Announces Investigation of FelCor Lodging Trust Incorporated
Apr 24, 2017
NEW YORK, April 24, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of FelCor Lodging Trust Incorporated ("FelCor" or the "Company") (NYSE: FCH) concerning the proposed acquisition of the Company by RLJ Lodging Trust ("RLJ").
Under the terms of the offer, RLJ would acquire FelCor in a transaction that will result in a combined entity with an enterprise value of approximately $7 billion. Pursuant to the terms of the transaction, common shareholders of FelCor will receive 0.362 shares of newly issued common shares of RLJ common stock, currently worth approximately $7.96. At least one Wall Street analyst has set a price target for FelCor stock of $9.00 per share.
Our investigation concerns whether the FelCor 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 FelCor 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:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, 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
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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.
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