Faruqi & Faruqi Investigation: Starwood Hotels & Resorts Worldwide Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Starwood Hotels & Resorts Worldwide Inc. (“Starwood” or the “Company”) (NYSE:HOT) for potential breaches of fiduciary duties in connection with the sale of the Company to Marriott International, Inc. for approximately $12.2 billion in a cash and common stock transaction.
The Company’s stockholders will only receive $2.00 in cash and 0.92 shares of Marriott International, Inc. for each share of Company common stock they own, or approximately $69.82 per share. However, at least one analyst has set a price target for Starwood stock at $96.00 per share.
If you own common stock in Starwood and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.