Levi & Korsinsky is investigating the Board of Directors of Official Payments Holdings, Inc. (“Official Payments” or the “Company”) (NasdaqGM: OPAY) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to ACI Worldwide, Inc (NasdaqGS: ACIW).
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, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Official Payments shareholders will receive $8.35 for each share of Official Payments stock they own. The transaction has an approximate total value of $109 million. The investigation concerns whether the Official Payments Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether ACI Worldwide, Inc. is underpaying for Official Payments shares. In particular, at least one analyst set a price target of $10.00 per share of Official Payments.
If you own Official Payments common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
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