STEVENSON, Md.--(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 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.