SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf
of Investors of Eloqua, Inc. - ELOQ
NEW YORK, Dec. 20, 2012 /PRNewswire/ -- Pomerantz
Grossman Hufford Dahlstrom & Gross LLP is investigating claims
on behalf of investors of Eloqua Inc. ("Eloqua" or the
"Company")(NASDAQ: ELOQ)(ISIN: US2901391043) (CUSIP: 290139104)
concerning the proposed acquisition of Eloqua, Inc. by Oracle
Corporation in a transaction valued at approximately $871 million, net of Eloqua's cash.
The investigation concerns whether the Eloqua directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of
the agreement, Eloqua shareholders will be entitled to receive
$23.50 per share in cash for each
share of Eloqua common stock. However, Eloqua shares traded
above the offered price within the past two months and an analyst
recently set a target price of $26.00
per share.
Eloqua shareholders seeking more information about this
acquisition are advised to contact Robert
Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or
888-476-6529, ext. 237.
The firm is also investigating actions on behalf of shareholders
for the following companies: Arbitron Inc., Caribou Coffee Company,
Inc., Net1 Ueps Technologies, Inc., Epoch Investment Partners,
Inc., Hi-Crush Partners LP, Intermec, Inc., SandRidge Energy, Inc.,
and Clearwire Corporation.
The Pomerantz Firm, with offices in New York, Chicago and San
Diego, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz Firm pioneered the field of securities class actions.
Today, more than 75 years later, the Pomerantz Firm continues in
the tradition he established, fighting for the rights of the
victims of securities fraud, breaches of fiduciary duty, and
corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of defrauded
investors. See www.pomerantzlaw.com.
SOURCE Pomerantz Grossman Hufford
Dahlstrom & Gross LLP