SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of OpenTable, Inc. In Connection With The Proposed Sale Of The Co...
June 23 2014 - 2:16PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty to current shareholders of
OpenTable, Inc. (“OpenTable” or the “Company”) (NasdaqGS: OPEN) and
other violations of state law by the board of directors of
OpenTable relating to the proposed buyout of the Company by The
Priceline Group Inc. (“Priceline”).
On June 12, 2014, OpenTable and Priceline entered into an
agreement whereby Priceline will acquire OpenTable. Under the terms
of the agreement, Priceline will acquire OpenTable for $103 per
share in an all cash transaction valued at $2.6 billion. The firm’s
investigation seeks to determine, among other things, whether the
Company’s board of directors breached their fiduciary duties by
failing to maximize shareholder value before agreeing to enter into
this transaction, and whether Priceline is underpaying for
OpenTable shares.
If you currently own common stock of OpenTable and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Brower Piven, A Professional Corporation1925 Old Valley
RoadStevenson, Maryland 21153Charles J. Piven,
410-415-6616hoffman@browerpiven.com
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