Juan
E. Monteverde, a partner at Faruqi
& Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Orbitz
Worldwide, Inc. (“Orbitz” or the “Company”) (NYSE:OWW) for potential
breaches of fiduciary duties in connection with the sale of the Company
to Expedia, Inc. (“Expedia”) (Nasdaq:EXPE) for approximately $1.6
billion, including the assumption of Orbitz debt. The Company’s
stockholders will only receive $12 in cash for each share of Orbitz
common stock they own.
Click here for more information: www.faruqilaw.com/OWW.
There is no cost or obligation to you.
The investigation focuses on whether the Orbitz Board of Directors
breached their fiduciary duties to the Company’s stockholders by failing
to conduct a fair sales process and whether and by how much this
proposed transaction undervalues the Company to the detriment of Orbitz
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. To
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If you own common stock in Orbitz and wish to obtain additional
information and protect your investments free of charge, please visit us
at www.faruqilaw.com/OWW
or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
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