Oracle receives Department of Justice clearance to buy NetSuite
Sep 28, 2016
Redwood Shores, Calif.—Sep 26, 2016
Oracle (NYSE: ORCL) today announced that it has received the final antitrust clearance approval necessary for the acquisition of NetSuite, Inc. (NYSE: N) from the U.S. Department of Justice. The all-cash tender offer for NetSuite at $109.00 per share, set to expire on October 6, 2016, will proceed as planned assuming the minimum required number of shares are tendered.
Sign up to receive TelecomTV's top news and videos, plus exclusive subscriber-only content direct to your inbox.