By Business Wire, September 24, 2013, 03:46:00 PM EDT
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor LLP are investigating the sale of Official Payments Holdings,
Inc. ("Official Payments") (NasdaqGM:OPAY) to ACI Worldwide, Inc. for
shareholders. Under the terms of the proposed agreement, Official
Payments shareholders will only receive $8.35 in cash for each share
owned, well below at least one analyst's estimated value of $10.00 per
If you are an affected investor, and you want to learn more about the
lawsuit or join the action, please contact Willie Briscoe at The Briscoe
Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com
or Zach Groover at Powers Taylor LLP, toll free (877) 728-9607 or via
e-mail at email@example.com.
There is no cost or fee to you.
The investigation into the Official Payments sale is focused on whether
minority shareholders are receiving adequate compensation for their
shares in the proposed deal, whether the transaction properly values
Official Payments stock, and whether Official Payments' board attempted
to obtain the highest share price for all shareholders prior to agreeing
to the deal. Notably, at least one analyst from Yahoo! Finance estimates
the true inherent value to be $10.00 per share.
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.
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.
Source: Powers Taylor LLP