201502121046PR_NEWS_USPR_____DC31008 20150212T104600-0500 prnewswire.com 20150212 DC31008 1 urn:newsml:prnewswire.com:20150212:DC31008:1 20150212T104600-0500 20150212T104600-0500 MimeType/@FormalName ORBITZ WORLDWIDE, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout WILMINGTON, Del., Feb. 12, 2015 RIGRODSKY-LONG-alert 201502121046PR_NEWS_USPR_____DC31008.xml ORBITZ WORLDWIDE, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

ORBITZ WORLDWIDE, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

PR Newswire

WILMINGTON, Del., Feb. 12, 2015 /PRNewswire/ -- Rigrodsky & Long, P.A.:

  • Do you own shares of Orbitz Worldwide, Inc. (NYSE: OWW)?
  • Did you purchase any of your shares prior to February 12, 2015?
  • Do you think the proposed buyout price is too low?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Orbitz Worldwide, Inc. ("Orbitz" or the "Company") (NYSE: OWW) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Expedia, Inc. ("Expedia") (NASDAQ GS: EXPE), in a transaction valued at approximately $1.6 billion.

Click here to learn more: http://www.rigrodskylong.com/investigations/orbitz-worldwide-inc-oww.

Under the terms of the agreement, public shareholders of Orbitz would receive $12.00 in cash for each share of Orbitz they own.

The investigation concerns whether Orbitz's board of directors failed to adequately shop the Company and obtain the best possible value for Orbitz's shareholders before entering into an agreement with Expedia.

If you own the common stock of Orbitz and purchased your shares before February 12, 2015, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://www.rigrodskylong.com/investigations/orbitz-worldwide-inc-oww.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT:                                                                                             

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com 
http://www.rigrodskylong.com

 

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SOURCE Rigrodsky & Long, P.A.