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.
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SOURCE Rowley Law PLLC