INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Official Payments Holdings, Inc. (OPAY) Over the Proposed...
September 26 2013 - 3:00PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Official Payments Holdings, Inc.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a
leading national securities firm headquartered in New York City, is
investigating the Board of Directors of Official Payments Holdings,
Inc. (“Official Payments” or the “Company”) (NasdaqGM:OPAY) for
potential breaches of fiduciary duties in connection with their
conduct related to the sale of the Company to ACI Worldwide, Inc.
(NasdaqGS:ACIW) in a cash deal valued at approximately $109
million. Under the terms of the proposed transaction, Official
Payments stockholders will receive $8.35 for each share of Official
Payments common stock they own. At least one analyst on Yahoo!
Finance has assigned a target price of $10.00 for the Company.
Moreover, Official Payments’ closing price was $8.50 on September
20, 2013.
Request more information now by clicking here:
www.faruqilaw.com/OPAY. There is no cost or
obligation to you.
The investigation focuses on whether Official Payments’ Board of
Directors breached their fiduciary duties to the Company’s
stockholders by failing to conduct an adequate and fair sales
process prior to agreeing to this proposed transaction, whether and
by how much this proposed transaction undervalues the Company to
the detriment of Official Payments’ shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Official Payments and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/OPAY or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
Official Payments Holdings, Inc. (MM) (NASDAQ:OPAY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Official Payments Holdings, Inc. (MM) (NASDAQ:OPAY)
Historical Stock Chart
From Jul 2023 to Jul 2024