Pomerantz Haudek Grossman & Gross LLP is investigating claims on behalf of investors of Taleo Corporation (“Taleo” or the “Company”) (NASDAQ: TLEO) (ISIN: US87424N1046) concerning the proposed acquisition of Taleo by Oracle (“Oracle”) in a cash transaction valued at $1.9 billion.
The investigation concerns whether the Taleo directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, Taleo shareholders would receive $46.00 in cash per share of Taleo common stock. However, the price may not fully reflect shareholder value, given Taleo’s over $200 million in current assets as of December 31, 2011.
Taleo shareholders seeking more information about this acquisition are advised to contact Gustavo Bruckner, Esq. at firstname.lastname@example.org or 212-661-1100 or toll free at 888-476-6529, ext. 302. Shareholders may also contact Rebecca Jarmon at email@example.com or 212-661-1100 or 888-476-6529, ext. 314.
The Pomerantz Firm, with offices in New York, Chicago, and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.