DALLAS, Feb. 27, 2007 (PRIME NEWSWIRE) -- On February 21, 2007, Winston Hotels, Inc. entered into a definitive agreement and plan of merger with Wilbur Acquisition Holding Company, LLC for $14.10 per share. The price per share offered by Wilber Acquisition represented just 2.3% more than the stock's closing price prior to the deal's announcement.
If the proposed merger is finalized, Winston Hotels, Inc. will no longer be a publicly traded company. While Wilbur Acquisition and the Winston Hotels, Inc. have announced they expect to close the merger in the second quarter of 2007, shareholder approval is required before the acquisition can be completed. If you are a current Winston Hotels, Inc. shareholder and would like to be advised of your rights in this matter, you may contact Baron & Budd, P.C. at the phone number below. You may also visit Baron & Budd online (http://www.securitiesactions.com).
About Baron & Budd, P.C.
Since 1977, the law firm of Baron & Budd, P.C. has championed the rights of people and communities harmed by corporate misconduct. With over 80 attorneys and offices in Texas, California, Ohio, California, and New York, Baron & Budd enjoys a national reputation as a leader of the plaintiff's bar. The firm represents individuals with mesothelioma and other diseases caused by asbestos; leukemia and lymphoma caused by benzene; and injuries caused by other toxic substances and pharmaceuticals. The firm also represents water authorities seeking clean-up costs for drinking water contamination; securities investors defrauded by corporate wrongdoing; and consumers. For more information about Baron & Budd, call 1-800-222-2766 or visit http://www.baronandbudd.com. For more information about Baron & Budd's securities litigation practice, please visit www.securitiesactions.com.