Law Office of Brodsky & Smith, LLC Announces Investigation of Eloqua, Inc.
January 05 2013 - 12:00PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Eloqua, Inc. (“Eloqua” or the “Company”) (Nasdaq: ELOQ) relating to
the proposed acquisition by Oracle Corporation (“Oracle”).
Under the terms of the transaction, Eloqua shareholders will
receive only $23.50 in cash for each share of Eloqua stock they
own. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Eloqua for not acting in the Company’s shareholders' best interests
in connection with the sale process to Oracle. The transaction may
undervalue the Company and will result in a loss for many
shareholders. For example Eloqua stock traded at $23.75 as recently
as December 26, 2012 and $24.65 on November 1, 2012. In addition,
an analyst has set a price target for Eloqua at $27.00 per
share.
If you own shares of Eloqua stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/520-eloq-eloqua-inc.html, by calling toll
free 877-LEGAL-90.
Eloqua, Inc. (MM) (NASDAQ:ELOQ)
Historical Stock Chart
From Oct 2024 to Nov 2024
Eloqua, Inc. (MM) (NASDAQ:ELOQ)
Historical Stock Chart
From Nov 2023 to Nov 2024