NYSE
HOT

Starwood Hotels & Resorts Worldwide, Inc.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Starwood Hotels & Resorts Worldwide, Inc. (“Starwood” or the “Company”) (NYSE: HOT) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Marriott International, Inc. (“Marriott”) (NASDAQ GS: MAR), in a transaction valued at approximately $12.2 billion.

Under the terms of the agreement, shareholders of Starwood will receive $2.00 in cash and 0.92 shares of Marriott common stock for each share of Starwood they own.  Based on Marriott’s closing price on November 13, 2015, Starwood shareholders would have received compensation valued at approximately $68.92 per share.

The investigation concerns whether Starwood’s board of directors failed to adequately shop the Company and obtain the best possible value for Starwood’s shareholders before entering into an agreement with Marriott.  According to Yahoo! Finance, at least one analyst has issued a price target for Starwood stock at $96.00 per share.

If you own the common stock of Starwood and purchased your shares before November 16, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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