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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Art Technology Group, Inc. in Connection wi

^{Published on 2010-11-03 13:10:52 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Art Technology Group, Inc. (aATGa or the aCompanya) (NASDAQ:ARTG) related to the Companya™s agreement to be acquired by Oracle Corporation (aOraclea). The proposed cash transaction is valued at approximately $1 billion.

Under the terms of the Agreement and Plan of Merger entered into by the parties, Oracle will pay ATG shareholders $6.00 in cash for each share they own of the Companya™s common stock. The transaction is expected to close by early 2011. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by ATGa™s board of directors.

If you are a shareholder of ATG, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].