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ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of La Quinta Holdings Inc.

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NEW YORK, Jan. 19, 2018 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against La Quinta Holdings Inc. (NYSE: LQ) and its board of directors for breach of fiduciary duty concerning the proposed sale of La Quinta's hotel franchise and hotel management businesses to Wyndham Worldwide Corporation. Stockholders will receive $8.40 in cash for each share of La Quinta that they hold. The sale of La Quinta will take place after La Quinta spins off its owned real estate assets to CorePoint Lodging Inc., a real estate investment trust. The transaction is valued at approximately $1.95 billion and is expected to close in the second quarter of 2018.

If you are a stockholder of La Quinta Holdings Inc. and are interested in obtaining additional information regarding this investigation, please visit us at: http://www.rowleylawpllc.com/investigation/laquinta. You may also contact Shane Rowley, Esq. at Rowley Law PLLC, 50 Main Street Suite 1000, White Plains, NY 10606, by email at info@rowleylawpllc.com, 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

Attorney Advertising. Prior results do not guarantee a similar outcome.

Cision View original content:http://www.prnewswire.com/news-releases/alert-rowley-law-pllc-is-investigating-proposed-acquisition-of-la-quinta-holdings-inc-300585299.html

SOURCE Rowley Law PLLC

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