The following statement is being issued by Levi & Korsinksy, LLP:
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED
COMMON STOCK OF ORBITZ WORLDWIDE, INC. (NYSE: OWW) (“Orbitz” or “the
Company”) PRIOR TO FEBRUARY 12, 2015 AND
CONTINUE TO HOLD SUCH SHARES.
YOU ARE HEREBY NOTIFIED that Levi & Korsinsky, LLP has commenced
an investigation into the fairness of the sale of Orbitz to
Expedia, Inc. Click here to learn more about the investigation: http://zlk.9nl.com/orbitz-worldwide-oww.
There is no cost or obligation to you.
The Board of Directors of Orbitz agreed to sell the Company to
Expedia, Inc. (NasdaqGS: EXPE). Under the terms of the transaction,
Orbitz shareholders will receive $12.00 in cash for each Orbitz common
share they own. The investigation concerns whether the Board of
Orbitz breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into this
transaction, and whether Expedia, Inc. is underpaying for Orbitz
shares.
If you own Orbitz common stock 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/orbitz-worldwide-oww.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm’s attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. 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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