Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Art Technology Group, Inc. in Connection ...
02 Novembro 2010 - 10:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Art Technology Group, Inc. (“ATG” or the “Company”) (NASDAQ:ARTG)
related to the Company’s agreement to be acquired by Oracle
Corporation (“Oracle”). The proposed cash transaction is valued at
approximately $1 billion.
Under the terms of the Agreement and Plan of Merger entered into
by the parties, Oracle will pay ATG shareholders $6.00 in cash for
each share they own of the Company’s common stock. The transaction
is expected to close by early 2011. The investigation concerns
possible breaches of fiduciary duty and other violations of law
related to approval of the proposed transaction by ATG’s board of
directors.
If you are a shareholder of ATG, 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.
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