WASHINGTON--([ BUSINESS WIRE ])--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Taleo Corp. (aTaleoa or athe Companya) (Nasdaq: TLEO), concerning the proposed acquisition of the Company by Oracle Corp. (Nasdaq: ORCL). Under the terms of the transaction, Taleo shareholders would receive $46.00 per share in cash, in a deal worth approximately $1.9 billion.
Taleoas stock has dramatically improved its performance over the past year, rising about 25%. The Company traded as high as $42.24 as recently as December. Indeed, at least one analyst has set a target price of $50.00 for Taleoas shares.
The investigation is focused on the potential unfairness of the consideration to Taleoas shareholders, the process by which the Companyas Board of Directors considered the transaction, and potential conflicts of interests among Taleoas Board members.
If you are interested in discussing your rights as a Taleo shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at [ contact@finkelsteinthompson.com ].
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.
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