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Law Offices of Howard G. Smith Announces Investigation of RightNow Technologies, Inc.

  //science-technology.news-articles.net/content/2 .. -investigation-of-rightnow-technologies-inc.html
  Published in Science and Technology on Tuesday, October 25th 2011 at 18:21 GMT by Market Wire
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BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of RightNow Technologies, Inc. (aRightNowa or the aCompanya) (NASDAQ:RNOW), related to the Companyas agreement to be acquired by Oracle Corporation (aOraclea) in a proposed all-cash transaction. The proposed transaction is valued at approximately $1.5 billion.

Under the terms of the agreement entered into by the parties, Oracle will acquire all of the outstanding shares of RightNow for $43.00 per share in cash. The transaction is expected to close by late 2011 or early 2012. The investigation concerns whether the board of directors of RightNow breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction.

If you are a shareholder of RightNow, 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 ].