NEW YORK, Nov. 16, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Starwood Hotels & Resorts Worldwide, Inc. ("Starwood" or the "Company") (NYSE: HOT) concerning the proposed acquisition of the Company by Marriott International, Inc. ("Marriott").
Under the terms of the offer, Marriott would acquire Starwood in a transaction valued at approximately $12.2 billion. Pursuant to the deal, Starwood stockholders would receive 0.92 shares of Marriott Class A common stock and $2.00 in cash for each share of Starwood common stock, worth approximately $69.50. According to Yahoo Finance, at least one analyst has set a target price of $96 per share for Starwood stock, the median analyst target price is $87 per share, and low target price is $73 per share for Starwood stock.
Our investigation concerns whether the Starwood 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 Starwood 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. Craig Lowther Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212) 935-7400 Email: firstname.lastname@example.org Website: http://www.hfesq.com Follow us on Twitter: @HarwoodFeffer
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