ORBITZ WORLDWIDE, INC. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Orbitz Worldwide, Inc. (OWW) Over the Proposed Sale of the Company to Expedia, Inc. (EXPE)
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 Orbitz Worldwide, Inc. (“Orbitz” or the “Company”) (NYSE: OWW) for potential breaches of fiduciary duties in connection with the sale of the Company to Expedia, Inc. (“Expedia”) (Nasdaq: EXPE) for approximately $1.6 billion, including the assumption of Orbitz debt. The Company’s stockholders will only receive $12 in cash for each share of Orbitz common stock they own.
The investigation focuses on whether the Orbitz 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 Orbitz shareholders.
If you own common stock in Orbitz 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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