Harwood Feffer LLP (
) is investigating potential claims against the board of directors of RightNow Technologies, Inc. (“RightNow” or the “Company”) (NASDAQ: RNOW) concerning the proposed acquisition of the Company by Oracle Corp. (“Oracle”) in a transaction valued at $1.5 billion.
On October 24, 2011, RightNow announced that it had entered into an agreement to be acquired by Oracle for $43.00 per share. RightNow, based upon its recent financial reports and expected Third Quarter earnings, is properly valued at a higher per share price than that being offered by Oracle.
Our investigation concerns whether the board of directors has breached its fiduciary duties by failing to adequately shop the Company and whether the board undertook a fair process and obtained fair consideration for RightNow stockholders.
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (
) for more information about the firm.
If you own RightNow shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.Matthew M. Houston, Esq.Benjamin Sachs-MichaelsHarwood Feffer LLP488 Madison AvenueNew York, New York 10022Phone Numbers: (877) 935-7400(212) 935-7400Email:
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). Prior results do not guarantee or predict a similar outcome with respect to any future matter.