Roy Jacobs & Associates Investigating Claims of Breach of Fiduciary Duty by the Board of Taleo Corp. in Connection With the S...
17 2월 2012 - 5:06AM
Business Wire
The law firm of Roy Jacobs & Associates is investigating
claims of breach of fiduciary duty and other violations of state
law against the board of directors of the Taleo Corporation ("Taleo
" or the "Company") (NASDAQ: TLEO) in connection with the sale of
the Company to Oracle Corporation. 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.
For further information please call 1-888-884-4490. There is no
cost or obligation to you.
The investigation concerns whether the Taleo Board of Directors
breached their fiduciary duty to Taleo stockholders by failing to
adequately shop the Company to other potential acquirers before
entering into this transaction and whether Oracle Corporation is
underpaying for Taleo shares, thus unlawfully harming Taleo
stockholders. At least one analyst set a price target of $50.00 per
Taleo share.
If you own common stock in Taleo purchased on or before February
9, 2012, and wish to obtain additional information, please contact
Roy Jacobs either via email at rjacobs@jacobsclasslaw.com or
toll-free at 1-888-884-4490. Mr. Jacobs will be glad to speak with
you without any cost or obligation.
Taleo Corp. (MM) (NASDAQ:TLEO)
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Taleo Corp. (MM) (NASDAQ:TLEO)
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