Law Offices of Howard G. Smith Announces Investigation of RightNow Technologies, Inc.
26 Octobre 2011 - 3:00AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
RightNow Technologies, Inc. (“RightNow” or the “Company”)
(NASDAQ:RNOW), related to the Company’s agreement to be acquired by
Oracle Corporation (“Oracle”) in a proposed all-cash transaction.
The proposed transaction is valued at approximately $1.5
billion.
Under the terms of the agreement entered into by the parties,
Oracle will acquire all of the outstanding shares of RightNow for
$43.00 per share in cash. The transaction is expected to close by
late 2011 or early 2012. The investigation concerns whether the
board of directors of RightNow breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
agreeing to enter into the proposed transaction, and whether the
Company has disclosed all material information to shareholders
about the transaction.
If you are a shareholder of RightNow, 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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