The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of RightNow Technologies, Inc. (“RightNow”) (NasdaqGS: RNOW) and other violations of state law by the board of directors of RightNow relating to the proposed acquisition of the company by Oracle Corporation (“Oracle”) The firm’s investigation seeks to determine, among other things, whether the board breached their fiduciary duties by failing to maximize shareholder value.
On October 24, 2011, Oracle announced that it had entered into a definitive agreement to acquire RightNow for $43.00 per share in cash, or an aggregate purchase price of approximately $1.5 billion net of RightNow’s cash and debt. According to the press release, the transaction is expected to close in late 2011 or early 2012.
If you currently own shares of RightNow and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at
email@example.com, by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.