Kendall Law Group Investigates Whether Strategic Hotels & Resorts, Inc. Obtained a Fair Price in Sale to Blackstone Real Estate Partners VIII L.P.

DALLAS--()--Kendall Law Group, led by former federal Judge Joe Kendall, is investigating Strategic Hotels & Resorts, Inc. (NYSE: BEE) and its Board of Directors on behalf of shareholders in connection with the proposed acquisition by Blackstone Real Estate Partners VIII L.P. Pursuant to the terms of the agreement, Strategic shareholders will receive $14.25 in cash for each Strategic share they own. The offer price is only a 4.8% premium to the Company’s September 4, 2015, closing price of $13.60 and below the 52-week high of $14.41. At least one Wall Street analyst set a price target of $15.19 per share.

The national securities firm’s investigation seeks to determine whether Strategic and its Board breached their fiduciary duties by failing to fulfill its fiduciary duties, failing to maximize the value of the Company, failing to disclose all material benefits and costs, and failing to obtain the best possible consideration for Strategic shareholders.

If you currently own shares of Strategic and want to know more about your rights, you are encouraged to contact Jamie McKey at the Kendall Law Group at 877-744-3728 or by email at to learn more about your rights as a shareholder. There is no cost or obligation to you. Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in nationwide complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.


Kendall Law Group LLP
Jamie McKey, 214-744-3000
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