Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Taleo Corporation (“Taleo” or the “Company”) (NASDAQ: TLEO) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Oracle Corporation (NASDAQ: ORCL) in an all-cash deal valued at about $1.9 billion. Under the terms of the proposed transaction, Taleo stockholders will receive $46.00 in cash for each share of Taleo common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $49.00 for Taleo. Request more information now by clicking here: www.faruqilaw.com/TLEO Whether Taleo’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Taleo’s shares and by how much this proposed transaction undervalues the Company to the detriment of Taleo’s shareholders are the key focus of this investigation. Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. If you own common stock in Taleo and wish to obtain additional information, please visit us at www.faruqilaw.com/TLEO or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330. Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.
Taleo Corporation (Nasdaq:TLEO) hit a new 52-week high Thursday as it is currently trading at $45.99, above its previous 52-week high of $45.96 with 987,426 shares traded as of 3:25 p.m. ET. Average volume has been 699,400 shares over the past 30 days.
Taleo Corporation (Nasdaq:TLEO) hit a new 52-week high Friday as it is currently trading at $45.95, above its previous 52-week high of $45.94 with 523,280 shares traded as of 11:10 a.m. ET. Average volume has been 699,400 shares over the past 30 days.
Taleo Corporation (Nasdaq:TLEO) hit a new 52-week high Tuesday as it is currently trading at $45.85, above its previous 52-week high of $45.84 with 1.9 million shares traded as of 2:14 p.m. ET. Average volume has been 699,400 shares over the past 30 days.