SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Official Payments Holdings, Inc
SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Official Payments Holdings, Inc. Buyout
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.:
- Do you own shares of Official Payments Holdings, Inc. (NASDAQ GM: OPAY )?
- Did you purchase any of your shares prior to September 23, 2013?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Official Payments Holdings, Inc. ("Official Payments" or the "Company") (NASDAQ GM: OPAY) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by ACI Worldwide, Inc. ("ACI") (NASDAQ GS: ACIW) in a transaction valued at approximately $109 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/official-payments-holdings-inc-opay.
Under the terms of the agreement, public shareholders of Official Payments will receive $8.35 per share in cash for each share of Official Payments they own.
The investigation concerns whether Official Payments' board of directors failed to adequately shop the Company and obtain the best possible value for Official Payments' shareholders before entering into an agreement with ACI. According to Yahoo! Finance, at least one analyst has set a price target for Official Payments stock at $10.00 per share.
If you own the common stock of Official Payments and purchased your shares before September 23, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth Rigrodsky or Shaye Fuchs at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/official-payments-holdings-inc-opay.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
KEYWORDS: United States North America Delaware New York
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