If you are a current investor in Taleo Corp (NASDAQ:TLEO)
According to the complaint the plaintiff alleges that certain directors breached their fiduciary duties owed to NASDAQ:TLEO stockholders arising out of the attempt to sell Taleo Corporation via an unfair process at an unfair price to Oracle Corp.
On Thursday, February 9, 2012, Oracle Corporation (NASDAQ: ORCL) today announced that it has entered into an agreement to acquire Taleo Corporation (NASDAQ: TLEO) for $46.00 per share or approximately $1.9 billion, net of Taleo's cash and debt.
However, the plaintiff alleges that the $46per share offer undervalues NASDAQ:TLEO shares. Indeed, at least one analyst has set the high target price for $50 per share, thus well above the current offer. Additionally, shares of Taleo Corp (Public, NASDAQ:TLEO)
Those who are current investors in Taleo Corp (NASDAQ:TLEO)
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