|[June 18, 2014]
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of OpenTable, Inc.
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 (News - Alert)) 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 ofDirectors 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
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
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