INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Official
Payments Holdings, Inc. (OPAY) Over the Proposed Sale of the Company to ACI
Worldwide, Inc. (ACIW)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New
York City, is investigating the Board of Directors of Official Payments
NEW YORK -- October 4, 2013
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national
securities firm headquartered in New York City, is investigating the Board of
Directors of Official Payments Holdings, Inc. (“Official Payments” or the
“Company”) (NasdaqGM: OPAY) for potential breaches of fiduciary duties in
connection with their conduct related to the sale of the Company to ACI
Worldwide, Inc. (NasdaqGS: ACIW) in a cash deal valued at approximately $109
million. Under the terms of the proposed transaction, Official Payments
stockholders will receive $8.35 for each share of Official Payments common
stock they own. At least one analyst on Yahoo! Finance has assigned a target
price of $10.00 for the Company. Moreover, Official Payments’ closing price
was $8.50 on September 20, 2013.
Request more information now by clicking here: www.faruqilaw.com/OPAY. There
is no cost or obligation to you.
The investigation focuses on whether Official Payments’ Board of Directors
breached their fiduciary duties to the Company’s stockholders by failing to
conduct an adequate and fair sales process prior to agreeing to this proposed
transaction, whether and by how much this proposed transaction undervalues the
Company to the detriment of Official Payments’ shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and
individuals in class action litigation. The firm is focused on providing
exemplary legal services in complex litigation in the areas of securities,
shareholder, antitrust and consumer litigation, throughout all phases of
litigation. The firm has an experienced trial team which has achieved
significant victories on behalf of the firm’s clients.
If you own common stock in Official Payments and wish to obtain additional
information and protect your investments free of charge, please visit us at
www.faruqilaw.com/OPAY or contact Juan E. Monteverde, Esq. either via e-mail
at email@example.com or by telephone at (877) 247-4292 or (212)
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible
for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior
results do not guarantee or predict a similar outcome with respect to any
future matter. We are happy to discuss your particular case.
Faruqi & Faruqi, LLP
Juan E. Monteverde, Esq.
(877) 247-4292 or (212) 983-9330
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