|[September 30, 2013]
Law Offices of Todd M. Garber Announces Investigation of Official Payments Holdings, Inc.
LOS ANGELES --(Business Wire)--
The Law Offices of Todd M. Garber announces that it is investigating
potential claims against the Board of Directors of Official Payments
Holdings, Inc. ("Official Payments" or the "Company") (NASDAQ:OPAY)
related to the proposed acquisition of the Company by ACI Worldwide (News - Alert),
Inc. The transaction is valued at approximately $109 million, or $8.35
This investigation concerns whether the Board of Directors of Official
Payments breached their fiduciary duties to stockholders by failing to
adequately shop the Company before greeing to enter into the proposed
transaction, and whether the Company has disclosed all material
information to shareholders about the transaction. The Company has seen
substantial recent growth. Its share price has skyrocketed from $3.94 on
August 7, 2012 to $8.69 on September 19, 2013. Further, at least one
analyst has set a target price for the Company's stock at $10 per share.
If you are a shareholder of Official Payments, if you have information
or would like to learn more about our investigation, or if you wish to
discuss these matters or have any questions concerning this announcement
or your rights or interests with respect to these matters, please
contact Todd M. Garber, Esquire, of the Law Offices of Todd M. Garber,
by telephone at 213-700-7262 or by email to email@example.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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