Extended stay investor alert by the former attorney general of louisiana: kahn swick & foti, llc investigates adequacy of price and process in proposed sale of extended stay america, inc. - stay

New orleans--(business wire)--former attorney general of louisiana charles c. foti, jr., esq. and the law firm of kahn swick & foti, llc (“ksf”) are investigating the proposed sale of extended stay america, inc. (“esa”) (nasdaqgs: stay) to a 50/50 joint venture between funds managed by blackstone real estate partners and starwood capital group. under the terms of the proposed transaction, shareholders of esa will receive only $19.50 in cash for each share of esa that they own. ksf is seekin
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