NEW YORK, Feb. 13, 2012 /PRNewswire/ -- Levi &
Korsinsky is investigating the Board of Directors of Taleo
Corporation ("Taleo " or the "Company") (Nasdaq: TLEO) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Oracle Corporation
(Nasdaq: ORCL). Under the terms of the agreement, Taleo
shareholders will receive $46.00 per
share of Taleo stock they own. The transaction has a total
approximate value of $1.9
billion.
Click here to learn how to join the action:
http://www.zlk.com/taleo-corporation-tleo, or call: 877-363-5972.
There is no cost or obligation to you.
The investigation concerns whether the Taleo Board of Directors
breached their fiduciary duties to Taleo stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Oracle Corporation is underpaying for Taleo shares,
thus unlawfully harming Taleo stockholders. In particular, at
least one analyst set a price target of $50.00 per Taleo share.
If you own common stock in Taleo and wish to obtain additional
information, please contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com or by telephone at
(212) 363-7500, toll-free: (877) 363-5972, or
http://www.zlk.com.
Levi & Korsinsky has extensive expertise in prosecuting
investor securities litigation involving financial fraud and
represents investors throughout the nation, concentrating its
practice in securities and shareholder litigation. For more
information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP