Dec. 20, 2012 (Shareholders Foundation) -- An investigation on behalf of investors in Eloqua Inc (NASDAQ:ELOQ) shares was announced concerning whether the offer by Oracle to acquire Eloqua Inc for $27.00 per NASDAQ:ELOQ share and the takeover process are unfair to investors in NASDAQ:ELOQ shares.

The investigation by a law firm concerns whether certain officers and directors of Eloqua Inc breached their fiduciary duties owed NASDAQ:ELOQ investors in connection with the proposed acquisition.

On December 20, 2012, Oracle announced that it has entered into an agreement to acquire Eloqua, Inc. (NASDAQ: ELOQ) for $23.50 per share or approximately $871 million, net of Eloquas cash.

However, at least one analyst has set the high target price for NASDAQ:ELOQ shares at $27.00 per share. In addition, Eloquas financial performance improved recently. In fact, Eloqua Inc reported that its annual Revenue increased from $32.87 million in 2008 to $71.35 million in 2011. Furthermore, shares of Eloqua Inc (NASDAQ:ELOQ) grew from $13.20 in August 2012 to $24.65 on November 1, 2012.

Therefore the investigation a law firm concerns whether the proposed transaction is unfair to NASDAQ:ELOQ stockholders. Specifically, the investigation focuses on whether the Eloqua Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.