BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of OpenTable, Inc. (“OpenTable” or the “Company”) (Nasdaq: OPEN) relating to the proposed acquisition by The Priceline Group, Inc. (“Priceline”).
Click here to learn more about the investigation http://brodsky-smith.com/769-open-opentable-inc.html, or call:877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, OpenTable shareholders will receive only $103.00 in cash for each share of OpenTable stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of OpenTable for not acting in the Company’s shareholders' best interests in connection with the sale process.
The transaction may undervalue OpenTable, which had a $46 million dollar operating profit last year. Revenue and operating profit were also up 18% and 27% respectively last year with international revenue soaring 29% year over year. In addition, after the deal was announced, OpenTable has traded above the transaction price at $104.52 and there has been speculation of a potential topping offer.
If you own shares of OpenTable common stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org by visiting http://brodsky-smith.com/769-open-opentable-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.