SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Kay...
19 Décembre 2012 - 11:55PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Kayak Software Corporation (“Kayak” or the “Company”) (NasdaqGS:
KYAK) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to
priceline.com Incorporated (NasdaqGS: PCLN).
Click here to learn more about the investigation:
http://zlk.9nl.com/kayak-software-kyak, or call:
877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Kayak shareholders will
receive $40 in cash and stock for each share of Kayak stock they
own. The transaction has a total approximate value of $1.8 billion.
The investigation concerns whether the Kayak Board of Directors
breached their fiduciary duties to stockholders by failing to
adequately shop the Company before entering into this transaction
and whether priceline.com Incorporated is underpaying for Kayak
shares, thus unlawfully harming Kayak stockholders.
If you own common stock in Kayak and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit
http://zlk.9nl.com/kayak-software-kyak.
Levi & Korsinsky is a national firm with offices in New York
and Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. The attorneys at Levi & Korsinsky have been appointed
by numerous courts throughout the country to serve as lead counsel
on behalf of shareholders in major securities lawsuits and have
successfully recovered multimillion-dollar damages awards on behalf
of investors. For more information, please feel free to contact any
of the attorneys listed below. Attorney advertising. Prior results
do not guarantee similar outcomes.
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