Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Kayak Software Corporation (“Kayak”) (NasdaqGS: KYAK) to priceline.com for shareholders. Under the proposed sale, Kayak shareholders will only receive $40 in cash for each share of Kayak common stock owned in a deal valued at approximately $1.3 billion.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The Kayak sale investigation centers on whether Kayak shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Kayak stock, and whether Kayak’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Shareholder rights attorney Willie Briscoe stated that “due to the fact that Kayak only went public less than four months ago, we believe that this proposed sale may undervalue Kayak stock. Our lawsuit will seek to obtain the highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.