reports
The Corporate Restructuring Report-La Quinta Holdings Inc. (LQ) & Core...
On May 30th, 2018, La Quinta Holdings Inc. completed the spin-off of its real estate assets into a separate public company, CorePoint Lodging Inc (CPLG). The parent retained the hotel franchise and management business and merged with Wyndham Worldwide Corporation. Post-merger, La Quinta ceased to trade on the NYSE and became a wholly-owned subsidiary of Wyndham Hotels & Resorts Inc. The spin-off was taxable and announced on January 18, 2017. The spin-off is in line with similar steps taken b...
INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of a Complain...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased La Quinta Holdings Inc. (“La Quinta” or the “Company”) (NYSE: LQ) stock prior to January 18, 2018. You are hereby notified that a complaint has been filed in the Northern District of Texas challenging the fairness of the sale of La Quinta to Wyndham Worldwide Corporation for $8.40 per share. As part of the transaction, La Quinta will spin off its owned real estate assets into ...
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of an Inves...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased La Quinta Holdings Inc. (“La Quinta” or the “Company”) (NYSE:LQ) stock prior to January 18, 2018. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of La Quinta to Wyndham Worldwide Corporation for $8.40 per share. As part of the transaction, La Quinta will spin off its owned real estate assets into a publicly-trade...
- Paul McCann
La Quinta (LQ) Reports Weak 4Q17 Results
On February 28, 2018, La Quinta Holdings Inc. (NYSE: LQ, $18.88, Market Capitalization: $2.2 billion) reported 4Q17 results and held a conference call. Our report elaborates on the same. Company Description La Quinta Holdings Inc. (Parent) La Quinta Holdings Inc. (LQ) is an owner, operator and franchisor of select-service hotels primarily serving the upper-midscale and midscale segments under the La Quinta brand. As of December 31, 2017, the company’s system-wide portfolio consists of 902 pr...
LA QUINTA HOLDINGS INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Anno...
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.: Do you own shares of La Quinta Holdings Inc. (NYSE: LQ)? Did you purchase any of your shares prior to January 18, 2018? Do you think the proposed acquisition is fair? Do you want to discuss your rights? Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of La Quinta Holdings Inc. (“La Quinta” or the “Company”) (NYSE: LQ) reg...
The Law Offices of Vincent Wong Notifies Investors of an Investigation...
NEW YORK--(BUSINESS WIRE)-- The Law Offices of Vincent Wong are investigating the Board of Directors of La Quinta Holdings Inc. (“La Quinta” or the “Company”) (NYSE:LQ) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Wyndham Worldwide Corporation (NYSE: WYN). Under the terms of the deal, La Quinta stockholders will receive $8.40 per share of La Quinta that they own, and La Quinta will spin off its owned real estate assets into a publicly-traded real estate investm...
INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Investors of an Investig...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased La Quinta Holdings Inc. (“La Quinta” or the “Company”) (NYSE: LQ) stock prior to January 18, 2018. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of La Quinta to Wyndham Worldwide Corporation for $8.40 per share. As part of the transaction, La Quinta will spin off its owned real estate assets into a publicly-trad...
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Inve...
NEW YORK--(BUSINESS WIRE)-- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased La Quinta Holdings Inc. (“La Quinta” or the “Company”) (NYSE: LQ) stock prior to January 18, 2018. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of La Quinta to Wyndham Worldwide Corporation for $8.40 per share. As part of the transaction, La Quinta will spin off its owned real estate assets into a publicly-trad...
LA QUINTA (LQ) SHAREHOLDER ALERT - Andrews & Springer LLC is Seeking M...
WILMINGTON, Del.--(BUSINESS WIRE)-- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of La Quinta Holdings Inc. (NYSE: LQ) (“La Quinta” or the “Company”) relating to the sale of the Company to Wyndham Worldwide Corporation (“Wyndham”). On January 18, 2018, the two parties announced the signing of a definitive merger agreement pursuant to which Wyndham will acquire La Quint...
- Paul McCann
La Quinta (LQ) Reports 3Q17 Results; Misses Consensus
On November 1, 2017, La Quinta Holdings Inc. (NYSE: LQ, $17.74, Market Capitalization: $2.1 billion) reported 3Q17 results and held a conference call. Our report elaborates on the same.We raise our fair value on new La Quinta (stub) to $10.00 per LQ share and on CorePoint to $11.00 per LQ share, primarily based on higher multiples and lower net debt estimates. The new La Quinta (stub) has strong revenue visibility and potential for expansion of its franchise business. We are slightly cautious ov...
- Paul McCann
La Quinta Holdings (LQ) to Spin-Off CorePoint Lodging ("CPLG") in earl...
On January 18, 2017, La Quinta Holdings Inc. (NYSE: LQ, $15.59, Market Capitalization: $1.8 billion), a leading owner, operator and franchisor of select-service hotels announced plan to spin-off its real estate assets into an independent publicly traded REIT known as CorePoint Lodging Inc. Company Description La Quinta Holdings Inc. (Parent) La Quinta Holdings Inc. (LQ) is an owner, operator and franchisor of select-service hotels primarily serving the upper-midscale and midscale segments un...
Ford Equity US Rating and Forecast Report
Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.
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