NEW YORK, Feb. 12, 2015 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Orbitz Worldwide, Inc. (NYSE: "OWW") ("Orbitz" or the "Company") on behalf of its' shareholders. Expedia, Inc. announced that it has entered into a definitive agreement under which it will acquire Orbitz for $12 per share.
Our investigation seeks to determine whether the offer price of only $12 per share unfairly under-values the true going forward inherent value of the Company and that shareholders are not receiving the maximum value for their shares. In addition, our investigation seeks to determine whether senior management and board members of Orbitz obtained personal benefits for themselves in agreeing to sell the Company to Expedia at Orbitz shareholders' expense.
If you are a shareholder of Orbitz and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please call us at no cost at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and, along with its affiliate, has recovered billions of dollars for shareholders in securities actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the "50 Elite Trial Lawyer Firms" and one of the "50 Leading Plaintiff Firms in America." Attorney advertising. Prior results do not indicate a similar outcome.
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SOURCE Tripp Levy PLLC
