Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Online Resources Corp. (“Online Resources” or the “Company”) (NasdaqGS: ORCC) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to ACI Worldwide, Inc. (NasdaqGS: ACIW), in an all-cash deal valued at approximately $126.6 million. Under the terms of the proposed transaction, Online Resources’ stockholders will receive $3.85 in cash for each share of Online Resources common stock they own. The proposed transaction is structured as a tender offer and may be effectuated without a shareholder vote. Request more information now by clicking here: www.faruqilaw.com/ORCC.There is no cost or obligation to you. The investigation focuses on whether Online Resources’ Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Online Resources’ shareholders. Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. If you own common stock in Online Resources and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/ORCC or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330. Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
Shares of Online Resources Corporation (Nasdaq:ORCC) were gapping down Wednesday morning with an open price 30.4% lower than Tuesday's closing price. The stock closed at $6.05 yesterday and opened today's trading at $4.21.