The Law Office of Jack Stuart Beige & Associates, P.C. Announces Investigation of OpenTable, Inc. Buyout Proposal

The Law Office of Jack Stuart Beige & Associates, P.C. Announces Investigation of OpenTable, Inc. Buyout Proposal

SMITHTOWN, NY, June 13, 2014:

The Law Office of Jack Stuart Beige & Associates, P.C. announces that it is investigating the Board of Directors of OpenTable, Inc. (“OpenTable”) (NASDAQ GS: OPEN) for possible breaches of fiduciary duties and other violations of law in connection with OpenTable’s agreement to be acquired by The Priceline Group, Inc. (“Priceline”) (NASDAQ GS: PCLN), in a transaction valued at approximately $2.6 billion.

Under the terms of the agreement, public shareholders of OpenTable would receive $103.00 in cash for each share of OpenTable they own.

The investigation concerns whether OpenTable’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to OpenTable’s stockholders would be fair and adequate, and whether OpenTable is acting in its stockholders’ best interests.

If you own OpenTable common stock, purchased your shares prior to June 13, 2014, and wish to obtain additional information, please contact Joseph R. Beige, Esquire either via email at or by telephone at (631) 231-7725.

 
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