This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Robbins Umeda LLP Announces An Investigation Of The Acquisition Of RightNow Technologies, Inc. By Oracle Corporation

Stock quotes in this article: ORCL, RNOW

SAN DIEGO, Oct. 25, 2011 /PRNewswire/ -- Robbins Umeda LLP, a shareholder rights litigation firm, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the board of directors of RightNow Technologies, Inc. (NASDAQ: RNOW) in connection with their efforts to sell the company to Oracle Corporation (NASDAQ: ORCL).

(Logo:   http://photos.prnewswire.com/prnh/20111014/MM87207LOGO)

On October 24, 2011, RightNow announced that it had entered into a definitive merger agreement pursuant to which Oracle will acquire all outstanding shares of the company in a cash transaction.  Pursuant to the agreement, RightNow shareholders will receive $43.00 for each share of the company they own.  The transaction is expected to close by late 2011 or early 2012.

Robbins Umeda LLP's investigation focuses on whether RightNow's board is undertaking a fair process to obtain maximum value and adequately compensate shareholders in light of the company's positive financial results.  On October 24, 2011, RightNow reported strong financial results for the third quarter of 2011 that greatly exceed analyst expectations.  The company reported non-GAAP net income of $0.19 per share, a 26.67% increase over the $0.15 of EPS reported during the same period last year, and above analyst EPS projections of $0.15.  Additionally, RightNow reported revenue of $57.7 million for the quarter, an 18.72% increase over the $48.6 million reported during the same period of the previous year, and better than analyst revenue estimates of $57.22 million.

If you own RightNow stock and would like more information about your shareholder rights, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or via the shareholder information form on the firm's website.

Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action lawsuits.  The firm's skilled litigation teams include former federal prosecutors, former defense counsel from top multinational corporate law firms, and career shareholder rights attorneys.  Robbins Umeda LLP has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.  For more information, please go to http://www.robbinsumeda.com.  

Press release link: http://www.robbinsumeda.com/shareholders-rights-blog/rightnow-technologies-inc/

Attorney Advertising. Past results do not guarantee a similar outcome.  

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,744.11 -60.60 -0.36%
S&P 500 1,938.99 -7.17 -0.37%
NASDAQ 4,402.5560 -19.5290 -0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs