Docstoc

Law Office of Brodsky Smith LLC Announces Investigation of Sonesta International Hotels Corporati

Document Sample
Law Office of Brodsky Smith LLC Announces Investigation of Sonesta International Hotels Corporati Powered By Docstoc
					Law Office of Brodsky & Smith, LLC Announces
Investigation of Sonesta International Hotels
Corporation
November 03, 2011 11:33 PM Eastern Daylight Time 

BALA CYNWYD, Pa.--(EON: Enhanced Online News)--Law office of Brodsky & Smith, LLC announces that it
is investigating potential claims against the Board of Directors of Sonesta International Hotels Corporation
(“Sonesta” or the “Company”) (Nasdaq: SNSTA) relating to the proposed acquisition by Hospitality Properties
Trust. (“HPT”).

Under the terms of the transaction Sonesta shareholders would receive $31.00 in cash for each share of Sonesta
stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by
the Board of Directors of Sonesta for not acting in the Sonesta shareholders' best interests in connection with the
sale process to HPT. The transaction may undervalue Sonesta as a result of failing to adequately shop the Company.
Litigation may be the only way to increase shareholder compensation as shareholders owning approximately 55% of
Sonesta’s outstanding shares have already agreed to tender their shares.

If you own shares of Sonesta stock and wish to discuss the legal ramifications of the proposed transaction, or have
any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to
you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at
Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting http://brodsky-smith.com/353-snsta-sonesta-international-hotels-
corporation.html, or by calling toll free 877-LEGAL-90.

Contacts
Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
877-LEGAL-90
investorrelations@brodsky-smith.com
http://brodsky-smith.com/353-snsta-sonesta-international-hotels-corporation.html

Recent Stories from Brodsky & Smith, LLC
   l   Law Office of Brodsky & Smith, LLC Announces Investigation of Interclick, Inc.
       November 03, 2011
       BALA CYNWYD, Pa.--(EON: Enhanced Online News)--Law office of Brodsky & Smith, LLC announces
       that it is investigating potential claims against the Board of Directors of Interclick, Inc. (“ICLK” ... more »
   l   Law Office of Brodsky & Smith, LLC Announces Investigation of MF Global
       November 02, 2011
       BALA CYNWYD, Pa.--(EON: Enhanced Online News)--Law office of Brodsky & Smith, LLC announces
       that it is investigating potential claims on behalf of investors that purchased MF Global. (“MF Globa... more »
   l   Law Office of Brodsky & Smith, LLC Announces Investigation of INX, Inc.
       November 01, 2011
       BALA CYNWYD, Pa.--(EON: Enhanced Online News)--Law office of Brodsky & Smith, LLC announces
       that it is investigating potential claims against the Board of Directors of INX, Inc. (“INX” or the “... more »

				
DOCUMENT INFO
Shared By:
Tags:
Stats:
views:8
posted:11/4/2011
language:English
pages:1
Description: BALA CYNWYD, Pa.--(EON: Enhanced Online News)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Sonesta International Hotels Corporation (“Sonesta” or the “Company”) (Nasdaq: SNSTA) relating to the proposed acquisition by Hospitality Properties Trust. (“HPT”). Under the terms of the transaction Sonesta shareholders would receive $31.00 in cash for each share of Sonesta stock they own. The investigation concerns possible a style='font-siz
EON: Enhanced Online News EON: Enhanced Online News http://eon.businesswire.com
About At EON: Enhanced Online News, we show you how to make your online press release thrive. If you want to drive traffic to your website, generate sales leads, make an announcement, or promote a new product, EON: Enhanced Online News delivers the online visibility that you need. EON: Enhanced Online News powered by Business Wire.