CPLG MERGER INVESTIGATION: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Corepoint Lodging Inc. Is Fair to Shareholders; Investors Are Encouraged To Contact the Firm – CPLG
Back to Newsroom

CPLG MERGER INVESTIGATION: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Corepoint Lodging Inc. Is Fair to Shareholders; Investors Are Encouraged To Contact the Firm – CPLG

Wednesday, December 1, 2021 12:00 AM
Halper Sadeh LLP
www.halpersadeh.com
Topic:
Lawsuits

NEW YORK, NY / ACCESSWIRE / December 1, 2021 / Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of CorePoint Lodging Inc. (NYSE:CPLG) to a joint venture between affiliates of Highgate and Cerberus Capital Management, L.P. is fair to CorePoint shareholders. Under the terms of the merger, CorePoint shareholders will receive $15.65 per share in cash plus, if applicable and in certain circumstances, incremental cash consideration if CorePoint timely resolves previously disclosed tax proceedings with the Internal Revenue Service.

Halper Sadeh LLP, Wednesday, December 1, 2021, Press release picture

Halper Sadeh encourages CorePoint shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].

The investigation concerns whether CorePoint and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for CorePoint shareholders; (2) determine whether Highgate and Cerberus are underpaying for CorePoint; and (3) disclose all material information necessary for CorePoint shareholders to adequately assess and value the merger consideration. On behalf of CorePoint shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh encourages CorePoint shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

CONTACT:
Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com

SOURCE: Halper Sadeh LLP

Topic:
Lawsuits
Back to newsroom
Back to Newsroom