BALA CYNWYD, PA / ACCESSWIRE / June 27, 2017 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of FelCor Lodging Trust Incorporated ("FelCor" or the "Company") (NYSE: FCH - News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to RLJ Lodging Trust. ("RLJ").
Click here to learn more: a href="http://pr.report/Q9kExFUo">http://www.brodskysmith.com/cases/felcor-lodging-trust-incorporated-nyse-fch/, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, FelCor shareholders will receive only 0.362 of a share in the newly issued shares of RLJ for each share of FelCor stock they own. As of June 27, 2017, the transaction values FelCor at only approximately $7.54 per share. The investigation concerns whether the Board of FelCor breached its fiduciary duties to shareholders and whether RLJ is underpaying for the Company. The transaction may undervalue the Company and would result in a loss for many long-term FelCor shareholders. For example, shares of FelCor stock traded at $11.64 per share on April 28, 2015, and the price being paid by RLJ is below an analyst price target of $9.00 per share.
If you own shares of FelCor stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/felcor-lodging-trust-incorporated-nyse-fch/, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC
ReleaseID: 466890
