| [February 11, 2012] |
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Faruqi & Faruqi, LLP Announces Investigation of Taleo Corporation
NEW YORK --(Business Wire)--
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Taleo
Corporation ("Taleo" or the "Company") (NASDAQ: TLEO) for potential
breaches of fiduciary duties in connection with their conduct related to
the sale of the Company to Oracle (News - Alert) Corporation (NASDAQ: ORCL) in an
all-cash deal valued at about $1.9 billion. Under the terms of the
proposed transaction, Taleo stockholders will receive $46.00 in cash for
each share of Taleo common stock they own, while according to Yahoo!
Finance, at least one financial analyst has set a price target of $49.00
for Taleo.
Request more information now by clicking here: www.faruqilaw.com/TLEO
Whether Taleo's Bord of Directors breached their fiduciary duties to
the Company's stockholders by failing to conduct an adequate and fair
sales process prior to agreeing to this proposed transaction, whether
the proposed transaction undervalues Taleo's shares and by how much this
proposed transaction undervalues the Company to the detriment of Taleo's
shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm's clients.
If you own common stock in Taleo and wish to obtain additional
information, please visit us at www.faruqilaw.com/TLEO
or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm
responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
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