Levi & Korsinsky is investigating the Board of Directors of Taleo Corporation (“Taleo ” or the “Company”) (Nasdaq: TLEO) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Oracle Corporation (Nasdaq: ORCL). Under the terms of the agreement, Taleo shareholders will receive $46.00 per share of Taleo stock they own. The transaction has a total approximate value of $1.9 billion.
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The investigation concerns whether the Taleo Board of Directors breached their fiduciary duties to Taleo stockholders by failing to adequately shop the Company before entering into this transaction and whether Oracle Corporation is underpaying for Taleo shares, thus unlawfully harming Taleo stockholders. In particular, at least one analyst set a price target of $50.00 per Taleo share.
If you own common stock in Taleo and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or
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