NEW YORK, May 6, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against Chesapeake Lodging Trust (NYSE: CHSP) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by Park Hotels & Resorts Inc. (NYSE: PK). Stockholders will receive $11.00 and 0.628 shares of Park Hotels & Resorts common stock for each share of Chesapeake Lodging Trust stock that they hold. The transaction is valued at approximately $2.7 billion and is expected to close in late third or early fourth quarter of 2019.
If you are a stockholder of Chesapeake Lodging Trust and are interested in obtaining additional information regarding this investigation, please visit us at: http://www.rowleylawpllc.com/investigation/chsp. You may also contact Shane Rowley, Esq. at Rowley Law PLLC, 50 Main Street Suite 1000, White Plains, NY 10606, by email at [email protected], or by telephone at 914-400-1920 or 844-400-4643 (toll-free).
Rowley Law PLLC represents shareholders nationwide in class actions and derivative lawsuits in complex corporate litigation. For more information about the firm and its attorneys, please visit http://www.rowleylawpllc.com.
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SOURCE Rowley Law PLLC