CHESAPEAKE LODGING TRUST SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Merger

Globe Newswire 6-May-2019 11:51 AM

WILMINGTON, Del., May 06, 2019 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A.:

• Do you own shares of Chesapeake Lodging Trust (NYSE: CHSP)?
  
  
• Did you purchase any of your shares prior to May 6, 2019?
  
  
• Do you think the proposed merger 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 Chesapeake Lodging Trust ("Chesapeake" or the "Company") (NYSE:CHSP) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to merge with Park Hotels & Resorts, Inc. ("Park Hotels") (NYSE:PK) in a transaction valued at approximately $2.7 billion.  Under the terms of the agreement, shareholders of Chesapeake will receive $11.00 in cash and 0.628 of a share of Park Hotels common stock for each Chesapeake share.

If you own common stock of Chesapeake and purchased any shares before May 6, 2019, 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 toll-free at (888) 969-4242, by e-mail at info@rl-legal.com, or at https://www.rigrodskylong.com/offices-contact.  

Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.

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

CONTACT:

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com