Shareholders Foundation, Inc.

FelCor Lodging Trust Incorporated (NYSE:FCH) Shareholder Alert: Investigation of Takeover

An investigation on behalf of investors of FelCor Lodging Trust Incorporated (NYSE:FCH) in connection with the proposed takeover was announced and NYSE:FCH stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 05/08/2017 -- The takeover of FelCor Lodging Trust Incorporated is under investigation over potential wrongdoing. The investigation was announced on behalf of investors, who currently hold NYSE:FCH shares, concerning whether the takeover of FelCor Lodging Trust Inc by RLJ Lodging Trust is unfair to NYSE:FCH stockholders.

Investors who purchased shares of FelCor Lodging Trust Incorporated (NYSE:FCH) and currently hold any of those NYSE:FCH shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain directors of FelCor Lodging Trust Incorporated breached their fiduciary duties owed to NYSE:FCH investors in connection with the proposed acquisition.

On April 24, 2017, RLJ Lodging Trust and FelCor Lodging Trust Incorporated (NYSE:FCH) announced that they have entered into a merger agreement under which FelCor Lodging Trust Incorporated will merge with and into a wholly-owned subsidiary of RLJ Loding Trust in an all-stock transaction.

However, the investigation concerns whether the offer is unfair to NYSE:FCH stockholders. More specifically, the investigation concerns whether the FelCor Lodging Trust Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

On May 5, 2017, NYSE:FCH shares closed at $7.67 per share.

Those who are current investors in FelCor Lodging Trust Incorporated shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com