Faruqi & Faruqi, LLP Announces the Investigation of Starwood Hotels & Resorts Worldwide Inc. (HOT) Over the Proposed Sale of the Company to Marriott International, Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Starwood Hotels & Resorts Worldwide Inc. (“Starwood” or the “Company”) (NYSE:HOT) for potential breaches of fiduciary duties in connection with the sale of the Company to Marriott International, Inc. for approximately $12.2 billion in a cash and common stock transaction.
The Company’s stockholders will only receive $2.00 in cash and 0.92 shares of Marriott International, Inc. for each share of Company common stock they own, or approximately $69.82 per share. However, at least one analyst has set a price target for Starwood stock at $96.00 per share.
If you own common stock in Starwood and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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Tel: (212) 983-9330
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