SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of OpenTable,
Inc. In Connection With The Proposed Sale Of The Company To The Priceline
STEVENSON, Md. -- June 23, 2014
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
firstname.lastname@example.org 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 Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Charles J. Piven, 410-415-6616
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