神马文学网Oracle Agrees to Acquire Sun Microsystems Oracle收购Sun
来源：百度文库 编辑：神马文学网 时间：2024/10/04 05:22:12
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The Oracle Corporation announced Monday that it would acquire a rival, Sun Microsystems, for $9.50 a share, which would value the transition at $7.4 billion.
The deal with Oracle came about two weeks after I.B.M. ended its talks with Sun. The Sun board balked at that deal after I.B.M. lowered its offer to $9.40 a share from $10. Still, Monday’s deal represented a 42 percent premium over Sun’s closing price of $6.69 on Friday.
Oracle and Sun said in a statement that the value of the transaction would be $5.6 billion net of Sun’s cash and debt.
Sun directors have unanimously approved the transaction. It is anticipated to close this summer, subject to Sun stockholder approval, certain regulatory approvals and customary closing conditions, the companies said in a statement.