Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of OpenTable, Inc. (NASDAQ: OPEN) breached their fiduciary duties in connection with the proposed sale of the Company to The Priceline Group Inc.
Additional Information:
OpenTable provides restaurant reservation solutions primarily in the United States, Canada, Germany, Japan, Mexico, and the United Kingdom.
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 investigation concerns whether OpenTable board members failed to satisfy their duties to the Company’s shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company’s shares of common stock.
If you are an OpenTable shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471. If you email, please include your phone number.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California and New York. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Contacts:
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
