Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Art Technology Group, Inc. - ARTG
04 November 2010 - 8:04AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Art Technology Group, Inc. (“Art Technology” or the
“Company”) (NASDAQ: ARTG) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to Oracle Corporation (NASDAQ: ORCL). The proposed
transaction offers Art Technology shareholders to only receive
$6.00 per share in cash. The transaction is valued at approximately
$1 billion.
Request more information now by clicking here:
www.faruqilaw.com/artg
Whether the Art Technology’s Board of Directors breached their
fiduciary duties to Art Technology’s stockholders by failing to
conduct an adequate and fair sales process to sell the Company
prior to agreeing to this proposed transaction, whether the
proposed transaction undervalues Art Technology’s shares and by how
much this proposed transaction undervalues the Company to the
detriment of Art Technology shareholders are the key focus of this
investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Art Technology and wish to obtain
additional information, please visit us at www.faruqilaw.com/artg
or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Art Technology Grp., Inc. (MM) (NASDAQ:ARTG)
Historical Stock Chart
From Dec 2024 to Jan 2025
Art Technology Grp., Inc. (MM) (NASDAQ:ARTG)
Historical Stock Chart
From Jan 2024 to Jan 2025
Real-Time news about Art Technology Grp., Inc. (MM) (NASDAQ): 0 recent articles
More Faruqi & Faruqi, LLP News Articles