Glancy Binkow & Goldberg LLP Announces Investigation of RightNow Technologies, Inc.
27 Octobre 2011 - 10:25PM
Business Wire
Glancy Binkow & Goldberg LLP 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 Louis Boyarsky, Esquire, Glancy Binkow
& Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los
Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at
(888) 773-9224 or by email to shareholders@glancylaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Rightnow Technologies, Inc. (MM) (NASDAQ:RNOW)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Rightnow Technologies, Inc. (MM) (NASDAQ:RNOW)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about Rightnow Technologies, Inc. (MM) (NASDAQ): 0 recent articles
Plus d'articles sur Glancy Binkow & Goldberg LLP