Eloqua, Inc. (ELOQ) is Investigated by Faruqi & Faruqi, LLP for Potential Breaches of Fiduciary Duties
17 Janeiro 2013 - 4:21PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Eloqua, Inc. (“Eloqua” or the “Company”) (NASDAQ:
ELOQ) for potential breaches of fiduciary duties in connection with
their duty to disclose material information in the Preliminary
Proxy (“Proxy”) filed with the Securities and Exchange Commission
on January 8, 2013 in relation to the sale of the Company to Oracle
Corporation (NASDAQ: ORCL) in an all-cash deal valued at
approximately $871 million. Furthermore, the price per share agreed
to in the proposed transaction is also under investigation since
Eloqua’s stockholders will receive only $23.50 in cash for each
share of Eloqua common stock they own, while according to Yahoo!
Finance, at least one financial analyst has set a price target of
$27.00 for Eloqua.
Request more information now by clicking here:
www.faruqilaw.com/ELOQ. There is no cost or
obligation to you.
The investigation focuses on whether Eloqua’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by
failing to disclose all material information in the Proxy and to
conduct an adequate and fair sales process prior to agreeing to
this proposed transaction, whether and by how much this proposed
transaction undervalues the Company to the detriment of Eloqua’s
shareholders.
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 Eloqua and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/ELOQ 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) 2013 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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