Kirby McInerney LLP is investigating potential claims against the Board of Directors of Official Payments Holdings, Inc. (“Official Payments” or the “Company”) (NASDAQ:OPAY) related to the proposed acquisition of the Company by ACI Worldwide, Inc. (“ACIW”). Under the terms of the all-cash transaction, Official Payments stockholders will receive $8.35 per share of stock, valuing the transaction at approximately $109 million.
The investigation concerns whether the Official Payments Board of Directors violated its fiduciary duties by agreeing to this transaction and whether the proposed consideration adequately values Official Payments common stock.
If you are an Official Payments stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.