Law Firm Brower Piven Announces Investigation of Eloqua, Inc.
STEVENSON, Md. -- December 20, 2012
The securities litigation firm of Brower Piven, A Professional Corporation,
has commenced an investigation into possible breaches of fiduciary duty to
current shareholders of Eloqua, Inc. (“Eloqua” or the “Company”) (Nasdaq:
ELOQ) and other violations of state law by the board of directors of Eloqua
relating to the proposed acquisition of the Company by Oracle Corporation
(“Oracle”). The firm’s investigation seeks to determine, among other things,
whether Eloqua’s board of directors breached their fiduciary duties by failing
to maximize shareholder value.
Under the terms of the proposed transaction, Eloqua shareholders will receive
$23.50 in cash for each share of common stock they own. The transaction is
currently being valued at $871 million, net of Eloqua’s cash. According to
Yahoo! Finance, the median analyst price target is $25.00 per Eloqua share and
the high analyst price target is $27.00 per share. Eloqua shares have traded
at $24.65 as early as November 1, 2012.
If you currently own common stock of Eloqua and would like to learn more about
the investigation being conducted by Brower Piven, you may email or call
Brower Piven, who will, without obligation or cost to you, attempt to answer
your questions. You may contact Brower Piven by email at
email@example.com, by calling (410) 415-6616, or at Brower Piven, A
Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating securities and
other class action cases of over 60 years.
Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
Press spacebar to pause and continue. Press esc to stop.