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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Official Payments Holdings, Inc. (MM) | NASDAQ:OPAY | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 8.34 | 0 | 01:00:00 |
Law Offices of Howard G. Smith announces that it is investigating potential claims against the Board of Directors of Official Payments Holdings, Inc. (âOfficial Paymentsâ or the âCompanyâ) (NASDAQ:OPAY) related to the proposed acquisition of the Company by ACI Worldwide, Inc. The transaction is valued at approximately $109 million, or $8.35 per share.
This investigation concerns whether the Board of Directors of Official Payments breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. The Company has seen substantial recent growth. Its share price has skyrocketed from $3.94 on August 7, 2012 to $8.69 on September 19, 2013. Further, at least one analyst has set a target price for the Companyâs stock at $10 per share.
If you are a shareholder of Official Payments, if you have information or would like to learn more about our investigation, 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.
Law Offices of Howard G. SmithHoward G. Smith, Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.com
1 Year Official Payments Holdings, Inc. (MM) Chart |
1 Month Official Payments Holdings, Inc. (MM) Chart |
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