Pomerantz Law Firm Investigates Claims on Behalf of Investors of Taleo Corporation
01 3월 2012 - 7:05AM
Business Wire
Pomerantz Haudek Grossman & Gross LLP is investigating
claims on behalf of investors of Taleo Corporation (“Taleo” or the
“Company”) (NASDAQ: TLEO) (ISIN: US87424N1046) concerning the
proposed acquisition of Taleo by Oracle (“Oracle”) in a cash
transaction valued at $1.9 billion.
The investigation concerns whether the Taleo directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of the
agreement, Taleo shareholders would receive $46.00 in cash per
share of Taleo common stock. However, the price may not fully
reflect shareholder value, given Taleo’s over $200 million in
current assets as of December 31, 2011.
Taleo shareholders seeking more information about this
acquisition are advised to contact Gustavo Bruckner, Esq. at
gfbruckner@pomlaw.com or 212-661-1100 or toll free at 888-476-6529,
ext. 302. Shareholders may also contact Rebecca Jarmon at
rjarmon@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 314.
The Pomerantz Firm, with offices in New York, Chicago, and
Washington, D.C., is acknowledged as one of the premier firms in
the areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L. Pomerantz, known as the dean of the
class action bar, the Pomerantz Firm pioneered the field of
securities class actions. Today, more than 70 years later, the
Pomerantz Firm continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of
fiduciary duty, and corporate misconduct. The Firm has recovered
numerous multimillion-dollar damages awards on behalf of class
members. See www.pomerantzlaw.com.
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