Buyout Of Online Resources -- Law Firm Seeks Higher Price And Information For Shareholders

NEW YORK, Jan. 31, 2013 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, announces that it is investigating the acquisition of Online Resources Corp. (NASDAQ: ORCC).  ACI Worldwide and Online Resources have entered into a definitive transaction agreement under which ACI Worldwide would acquire Online Resources for $3.85 per share in cash in a transaction valued at an enterprise value of approximately $263 million, which includes the redemption of Online Resources' preferred stock. ACI Worldwide will commence a cash tender offer to purchase all outstanding shares of common stock of Online Resources no later than February 15, 2013.

The investigation concerns, among other things, whether the consideration to be paid to Online shareholders is unfair, inadequate, and substantially below the fair or inherent value of Online.   Indeed, the book value alone of the company is worth at least $4.04 per share, and the company has approx. $35 million of cash on its books accounting for $1.05 per share, which is going to be used by ACI.  Thus the purchase price is closer to $2.80 per share for ACI.

If you own Online common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.

Contacts

Tripp Levy PLLC
Tripp Levy, 877-772-3975
[email protected]

SOURCE Tripp Levy PLLC

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