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Glancy Binkow & Goldberg LLP Announces Investigation of RightNow Technologies, Inc.


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Published in Science and Technology on Thursday, October 27th 2011 at 13:45 GMT by Market Wire   Print publication without navigation


BENSALEM, Pa.--([ BUSINESS WIRE ])--Glancy Binkow & Goldberg LLP 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 Louis Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by email to [ shareholders@glancylaw.com ].

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


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