Market Overview

LA QUINTA HOLDINGS INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Acquisition

Share:

Rigrodsky & Long, P.A.:

  • Do you own shares of La Quinta Holdings Inc. (NYSE: LQ)?
  • Did you purchase any of your shares prior to January 18, 2018?
  • Do you think the proposed acquisition is fair?
  • Do you want to discuss your rights?

Rigrodsky
& Long, P.A.
announces that it is investigating potential legal
claims against the board of directors of La Quinta Holdings Inc. ("La
Quinta" or the "Company") (NYSE: LQ)
regarding possible breaches of fiduciary duties and other violations of
law related to the Company's entry into an agreement to have its hotel
franchise and hotel management businesses acquired by Wyndham Worldwide
Corporation ("Wyndham") (NYSE: WYN).
Under the terms of the agreement, stockholders of La Quinta will receive
$8.40 per share in cash (approximately $1.0 billion in aggregate), and
Wyndham will repay approximately $715 million of La Quinta debt net of
cash and set aside a reserve of $240 million for estimated taxes
expected to be incurred in connection with the taxable spin-off of La
Quinta's owned real estate assets into CorePoint Lodging Inc.
Immediately prior to the sale of La Quinta to Wyndham, La Quinta will
spin off its owned real estate assets into a publicly-traded real estate
investment trust, CorePoint Lodging.

If you own common stock of La Quinta and purchased any shares before
January 18, 2018, if you would like to learn more about this
investigation, or if you have any questions concerning this announcement
or your rights or interests, please contact Seth D. Rigrodsky or Gina M.
Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120,
Wilmington, DE 19803, by telephone at (888) 969-4242, or by e-mail at info@rl-legal.com.

Rigrodsky
& Long, P.A.
, with offices in Wilmington, Delaware and Garden
City, New York, regularly prosecutes securities
fraud, shareholder corporate, and shareholder derivative litigation

on behalf of shareholders in state and federal courts throughout the
United States.

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

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