MURRAY FRANK LLP Announces Investigation Of Taleo Corporation
MURRAY FRANK LLP is investigating claims of breach of fiduciary duties by certain members of the board of directors of Taleo Corporation (NASDAQ: TLEO) (“Taleo” or the “Company”) in relation to the proposed sale of the Company to Oracle Corp. (“Oracle”).
On February 9, 2012, Taleo announced that it had entered into an agreement pursuant to which the Company will be acquired by Oracle in a transaction under which Taleo stockholders will receive $46.00 in cash in exchange for each share of Taleo common stock owned, a total value of $1.9 billion.
The investigation focuses on whether certain members of Taleo’s board of directors breached their fiduciary duties in connection with their efforts to sell Taleo to Oracle at an inadequate price through an unfair process which significantly undervalues the Company. Specifically, according to Yahoo! Finance, at least one analyst has set a price target for TLEO of $50 per share.
If you are a current investor in Taleo, who purchased TLEO shares before February 9, 2012, and you wish to discuss this investigation or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Bridget V. Hamill at (800) 497-8076 or (212) 682-1818, or by email at firstname.lastname@example.org.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV