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Rigrodsky & Long, P.A. Announces Investigation Of ExactTarget, Inc. Buyout
Rigrodsky & Long, P.A. Announces Investigation Of ExactTarget, Inc. Buyout
salesforce.com offers only $33.75 per share to ExactTarget shareholders
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.:
Do you own shares of ExactTarget, Inc. (NYSE:ET)?
Did you purchase any of your shares prior to June 4, 2013?
Do you think the proposed buyout price is too low?
Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of ExactTarget, Inc. ("ExactTarget" or the "Company") (NYSE: ET) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by salesforce.com, inc. ("salesforce.com") (NYSE: CRM) in a transaction valued at approximately $2.5 billion.
Click here to learn more: http://www.rigrodskylong.com/investigations/exacttarget-inc-et.
Under the terms of the agreement, public shareholders of ExactTarget will receive $33.75 per share in cash for each share of ExactTarget they own.
The investigation concerns whether ExactTarget's board of directors failed to adequately shop the Company and obtain the best possible value for ExactTarget's shareholders before entering into an agreement with salesforce.com. According to Yahoo! Finance, at least one analyst has set a price target for ExactTarget stock at $39.00.
If you own the common stock of ExactTarget and purchased your shares before June 4, 2013, 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 Seth Rigrodsky or Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/exacttarget-inc-et.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
Seth Rigrodsky
Peter Allocco
888-969-4242
516-683-3516
Fax: 302-654-7530
info@rigrodskylong.com
http://www.rigrodskylong.com
KEYWORDS: United States North America Delaware
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The article Rigrodsky & Long, P.A. Announces Investigation Of ExactTarget, Inc. Buyout originally appeared on Fool.com.
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