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.