May 5, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of FelCor Lodging Trust Incorporated (NYSE:FCH), was announced concerning whether the takeover of FelCor Lodging Trust Inc by RLJ Lodging Trust is unfair to NYSE:FCH stockholders.

The investigation by a law firm concerns whether certain officers and directors of FelCor Lodging Trust Incorporated breached their fiduciary duties owed to NYSE:FCH investors in connection with the proposed acquisition.

On April 24, 2017, RLJ Lodging Trust and FelCor Lodging Trust Incorporated (NYSE:FCH) announced that they have entered into a merger agreement under which FelCor Lodging Trust Incorporated will merge with and into a wholly-owned subsidiary of RLJ Loding Trust in an all-stock transaction.

However, the investigation concerns whether the offer is unfair to NYSE:FCH stockholders. More specifically, the investigation concerns whether the FelCor Lodging Trust Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

FelCor Lodging Trust Incorporated reported that that its annual Total Revenue rose from $886.25 million in 2015 to $866.95 million in 2016 and that its Net Loss of $8.10 million in 2015 turned to a Net Income of $8.09 million in 2016.

Shares of FelCor Lodging Trust Incorporated (NYSE:FCH) reached as high as $11.94 per share in 2015.