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Copyright ©2011 Levi & Korsinsky, LLP
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| RightNow Technologies Inc. |
| RightNow Technologies Inc. (NASDAQ: RNOW) shareholder litigation in connection with alleged unfair takeover offer |
On October 24, 2011, RightNow Technologies Inc.
("RightNow" or the "Company") announced that it
has agreed to sell the Company to Oracle Corporation
(NASDAQ: ORCL). Under the terms of the
transaction, RightNow shareholders will receive
$43.00 per share of RightNow stock they own. The
("RightNow" or the "Company") announced that it
has agreed to sell the Company to Oracle Corporation
(NASDAQ: ORCL). Under the terms of the
transaction, RightNow shareholders will receive
$43.00 per share of RightNow stock they own. The
transaction is valued at approximately $1.5 billion, including the assumption of debt.
The investigation concerns whether the RightNow Board of Directors breached their fiduciary
duties to RightNow stockholders by failing to adequately shop the Company before entering into
this transaction and whether Oracle Corporation is underpaying for RightNow shares, thus
unlawfully harming RightNow stockholders.
The investigation concerns whether the RightNow Board of Directors breached their fiduciary
duties to RightNow stockholders by failing to adequately shop the Company before entering into
this transaction and whether Oracle Corporation is underpaying for RightNow shares, thus
unlawfully harming RightNow stockholders.
