|[June 13, 2014]
OpenTable ALERT: Johnson & Weaver Investigating the Proposed Sale of OpenTable, Inc.
SAN DIEGO --(Business Wire)--
Shareholder rights law firm Johnson & Weaver, LLP has launched an
investigation into whether the board members of OpenTable, Inc. (NASDAQ:
OPEN (News - Alert)) breached their fiduciary duties in connection with the proposed
sale of the Company to The Priceline Group Inc.
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 invetigation 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
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 (firstname.lastname@example.org)
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.
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