NEW YORK, June 17, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of OpenTable, Inc. ("OpenTable" or the "Company") (NASDAQ: OPEN) concerning the proposed acquisition of the Company by The Priceline Group Inc. ("Priceline").
Under the terms of the transaction, the Priceline will purchase OpenTable in a transaction valued at approximately $2.6 billion. OpenTable shareholders will receive $103 in cash for each share of OpenTable owned.
Our investigation concerns whether the OpenTable board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company unit holders.
If you own OpenTable shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP