The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Taleo ...
11 2월 2012 - 4:12AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Taleo Corporation (“Taleo ” or the “Company”) (Nasdaq: TLEO) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Oracle
Corporation (Nasdaq: ORCL). Under the terms of the agreement, Taleo
shareholders will receive $46.00 per share of Taleo stock they own.
The transaction has a total approximate value of $1.9 billion.
Click here to learn how to join the action:
http://www.zlk.com/taleo-corporation-tleo, or call: 877-363-5972.
There is no cost or obligation to you.
The investigation concerns whether the Taleo Board of Directors
breached their fiduciary duties to Taleo stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Oracle Corporation is underpaying for Taleo shares,
thus unlawfully harming Taleo stockholders. In particular, at least
one analyst set a price target of $50.00 per Taleo share.
If you own common stock in Taleo 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 http://www.zlk.com.
Levi & Korsinsky has extensive expertise in prosecuting
investor securities litigation involving financial fraud and
represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. For more
information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Taleo Corp. (MM) (NASDAQ:TLEO)
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