BALA CYNWYD, Pa., Feb. 11, 2012 /PRNewswire/ --Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Taleo Corporation ("Taleo" or the "Company") (Nasdaq -TLEO) relating to the proposed acquisition by Oracle Corporation. ("Oracle").
Under the terms of the transaction, Taleo shareholders would receive $46.00 in cash for each share of Taleo stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Taleo for not acting in the Company's shareholders' best interests in connection with the sale process to Oracle. The transaction may undervalue Taleo as an analyst has set a price target of $49.00 for each Taleo share. In addition, Taleo fourth quarter of 2011 financial results exceeded analyst expectations.
If you own shares of Taleo stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, visiting http://brodsky-smith.com/383-tleo-taleo-corporation.html, or by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC
