MURRAY FRANK LLP Announces Investigation of Taleo Corporation
11 2월 2012 - 6:54AM
Business Wire
MURRAY FRANK LLP is investigating claims of breach of fiduciary
duties by certain members of the board of directors of Taleo
Corporation (NASDAQ: TLEO) (“Taleo” or the “Company”) in relation
to the proposed sale of the Company to Oracle Corp. (“Oracle”).
On February 9, 2012, Taleo announced that it had entered into an
agreement pursuant to which the Company will be acquired by Oracle
in a transaction under which Taleo stockholders will receive $46.00
in cash in exchange for each share of Taleo common stock owned, a
total value of $1.9 billion.
The investigation focuses on whether certain members of Taleo’s
board of directors breached their fiduciary duties in connection
with their efforts to sell Taleo to Oracle at an inadequate price
through an unfair process which significantly undervalues the
Company. Specifically, according to Yahoo! Finance, at least one
analyst has set a price target for TLEO of $50 per share.
If you are a current investor in Taleo, who purchased TLEO
shares before February 9, 2012, and you wish to discuss this
investigation or have any questions concerning this notice or your
rights or interests with respect to these matters, please contact
Bridget V. Hamill at (800) 497-8076 or (212) 682-1818, or by email
at investigations@murrayfrank.com.
Taleo Corp. (MM) (NASDAQ:TLEO)
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Taleo Corp. (MM) (NASDAQ:TLEO)
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