{"id":458173,"date":"2021-03-15T18:19:18","date_gmt":"2021-03-15T22:19:18","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=458173"},"modified":"2021-03-15T18:19:18","modified_gmt":"2021-03-15T22:19:18","slug":"shareholder-alert-weisslaw-llp-investigates-extended-stay-america-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-weisslaw-llp-investigates-extended-stay-america-inc\/","title":{"rendered":"SHAREHOLDER ALERT: WeissLaw LLP Investigates Extended Stay America, Inc."},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">NEW YORK<\/span>, <span class=\"xn-chron\">March 15, 2021<\/span> \/PRNewswire\/ &#8212; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3097496-1&amp;h=3061876868&amp;u=http%3A%2F%2Fweisslawllp.com%2F&amp;a=WeissLaw+LLP\" rel=\"nofollow noopener noreferrer\">WeissLaw LLP<\/a>\u00a0is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Extended Stay America, Inc. (&#8220;Extended Stay America&#8221; or the &#8220;Company&#8221;) (NASDAQ: STAY) in connection with the proposed acquisition of the Company and its paired-share REIT, ESH Hospitality, Inc., by funds managed by Blackstone Real Estate Partners and Starwood Capital Group. \u00a0Under the terms of the merger agreement, Extended Stay America shareholders will receive <span class=\"xn-money\">$19.50<\/span> in cash for each share of Extended Stay America common stock that they hold.\u00a0\u00a0The transaction is valued at approximately <span class=\"xn-money\">$6 billion<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/743985\/WeissLaw_Logo_Stacked_LowerCase_color_2_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/743985\/WeissLaw_Logo_Stacked_LowerCase_color_2_Logo.jpg\" title=\"WeissLaw LLP (PRNewsfoto\/WeissLaw LLP)\" alt=\"WeissLaw LLP (PRNewsfoto\/WeissLaw LLP)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p class=\"prntac\">\n        <b><br \/>\n          <u>If you own Extended Stay America shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:<\/u><br \/>\n        <\/b>\n      <\/p>\n<p class=\"prntac\">\n        <b><br \/>\n          <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3097496-1&amp;h=3025715083&amp;u=http%3A%2F%2Fwww.weisslawllp.com%2FSTAY%2F&amp;a=http%3A%2F%2Fwww.weisslawllp.com%2FSTAY%2F\" rel=\"nofollow noopener noreferrer\">http:\/\/www.weisslawllp.com\/STAY\/<\/a><br \/>\n        <\/b>\n      <\/p>\n<p class=\"prntac\">\n        <b><br \/>\n          <u>Or please contact:<br \/><\/u><br \/>\n        <\/b><br \/>\n        <b><br \/>\n          <span class=\"xn-person\">Joshua Rubin, Esq.<\/span><br \/>\n          <br \/>\n        <\/b>WeissLaw LLP<br \/>1500 Broadway, 16<sup>th<\/sup> Floor<br \/><span class=\"xn-location\">New York<\/span>, NY\u00a0 10036<br \/><b>(212)\u00a0682-3025<\/b><\/p>\n<p class=\"prntac\">\n        <b>(888) 593-4771<br \/><a target=\"_blank\" href=\"mailto:stockinfo@weisslawllp.com\" rel=\"nofollow noopener noreferrer\">stockinfo@weisslawllp.com<\/a><\/b>\n      <\/p>\n<p>WeissLaw LLP is investigating whether Extended Stay America&#8217;s board acted in the best interest of Extended Stay America&#8217;s public shareholders in agreeing to the proposed transaction, whether the <span class=\"xn-money\">$19.50<\/span> merger consideration represents full and fair value for Extended Stay America shares, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to\u00a0Extended Stay America&#8217;s public shareholders.\u00a0 Notably, at least one analyst set a price target of <span class=\"xn-money\">$21.00<\/span> for Extended Stay America, <span class=\"xn-money\">$1.50<\/span> higher than the proposed merger consideration. \u00a0<\/p>\n<p>WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.\u00a0 We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.\u00a0 If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at <b><a href=\"mailto:stockinfo@weisslawllp.com\" rel=\"nofollow\">stockinfo@weisslawllp.com<\/a><\/b><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DC10177&amp;sd=2021-03-15\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/shareholder-alert-weisslaw-llp-investigates-extended-stay-america-inc-301247668.html\">http:\/\/www.prnewswire.com\/news-releases\/shareholder-alert-weisslaw-llp-investigates-extended-stay-america-inc-301247668.html<\/a><\/p>\n<p>SOURCE  WeissLaw LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DC10177&amp;Transmission_Id=202103151816PR_NEWS_USPR_____DC10177&amp;DateId=20210315\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK, March 15, 2021 \/PRNewswire\/ &#8212; WeissLaw LLP\u00a0is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Extended Stay America, Inc. (&#8220;Extended Stay America&#8221; or the &#8220;Company&#8221;) (NASDAQ: STAY) in connection with the proposed acquisition of the Company and its paired-share REIT, ESH Hospitality, Inc., by funds managed by Blackstone Real Estate Partners and Starwood Capital Group. \u00a0Under the terms of the merger agreement, Extended Stay America shareholders will receive $19.50 in cash for each share of Extended Stay America common stock that they hold.\u00a0\u00a0The transaction is valued at approximately $6 billion. If you own Extended Stay America shares and wish to discuss this investigation or have any questions &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-weisslaw-llp-investigates-extended-stay-america-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;SHAREHOLDER ALERT: WeissLaw LLP Investigates Extended Stay America, Inc.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-458173","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SHAREHOLDER ALERT: WeissLaw LLP Investigates Extended Stay America, Inc. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/shareholder-alert-weisslaw-llp-investigates-extended-stay-america-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SHAREHOLDER ALERT: WeissLaw LLP Investigates Extended Stay America, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, March 15, 2021 \/PRNewswire\/ &#8212; WeissLaw LLP\u00a0is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Extended Stay America, Inc. (&#8220;Extended Stay America&#8221; or the &#8220;Company&#8221;) (NASDAQ: STAY) in connection with the proposed acquisition of the Company and its paired-share REIT, ESH Hospitality, Inc., by funds managed by Blackstone Real Estate Partners and Starwood Capital Group. \u00a0Under the terms of the merger agreement, Extended Stay America shareholders will receive $19.50 in cash for each share of Extended Stay America common stock that they hold.\u00a0\u00a0The transaction is valued at approximately $6 billion. 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(&#8220;Extended Stay America&#8221; or the &#8220;Company&#8221;) (NASDAQ: STAY) in connection with the proposed acquisition of the Company and its paired-share REIT, ESH Hospitality, Inc., by funds managed by Blackstone Real Estate Partners and Starwood Capital Group. \u00a0Under the terms of the merger agreement, Extended Stay America shareholders will receive $19.50 in cash for each share of Extended Stay America common stock that they hold.\u00a0\u00a0The transaction is valued at approximately $6 billion. 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