Roy Jacobs & Associates Investigating Claims Of Breach Of Fiduciary Duty By The Board Of Taleo Corporation In Connection With The Sale Of The Company To Oracle Corporation

The law firm of Roy Jacobs & Associates is investigating claims of breach of fiduciary duty and other violations of state law against the board of directors of the Taleo Corporation ("Taleo " or the "Company") (NASDAQ: TLEO) in connection with the sale of the Company to Oracle Corporation. 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.

For further information please call 1-888-884-4490. There is no cost or obligation to you.

The investigation concerns whether the Taleo Board of Directors breached their fiduciary duty to Taleo stockholders by failing to adequately shop the Company to other potential acquirers before entering into this transaction and whether Oracle Corporation is underpaying for Taleo shares, thus unlawfully harming Taleo stockholders. At least one analyst set a price target of $50.00 per Taleo share.

If you own common stock in Taleo purchased on or before February 9, 2012, and wish to obtain additional information, please contact Roy Jacobs either via email at rjacobs@jacobsclasslaw.com or toll-free at 1-888-884-4490. Mr. Jacobs will be glad to speak with you without any cost or obligation.

Copyright Business Wire 2010

More from Press Releases

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

21st Century Fox Scoops Up Local News Stations

21st Century Fox Scoops Up Local News Stations

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Three-Part FREE Webinar Series

Three-Part FREE Webinar Series

March 24 Full-Day Course Offering: Professional Approach to Trading SPX

March 24 Full-Day Course Offering: Professional Approach to Trading SPX