OPENTABLE SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Is Investigating the OpenTable, Inc. Board of Directors For Possible Breaches of Fiduciary Duty In Connection With Proposed Sale of the Company to Priceline Group
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 OpenTable, Inc. (“OpenTable” or the “Company”) (NASDAQ: OPEN) for potential breaches of fiduciary duties in connection with the sale of the Company to Priceline Group Inc. for approximately $2.6 billion. The Company’s stockholders will receive $103 per share for each share of OpenTable common stock they own.
The investigation focuses on whether OpenTable’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of OpenTable’s shareholders.
If you own common stock in OpenTable and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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