Sun microsystems oracle merger stock

2020-02-16 21:49

The parties have a combined aggregate worldwide turnover in excess of EUR 5 000 million (Oracle EUR 16 981 million; Sun EUR 9 582 million) and a Communitywide turnover in excess of EUR 250 million (Oracle EUR 4 331 million; Sun EUR 2 992 million).Sun shareholders approve Oracle merger. Sun Microsystems announced Thursday that the stockholders at its special meeting voted in favor of the merger agreement with Oracle. stock sun microsystems oracle merger stock

AGREEMENT AND PLAN OF MERGER. AGREEMENT AND PLAN OF MERGER (this Agreement ) dated as of April 19, 2009, among Sun Microsystems, Inc. , a Delaware corporation (the Company ), Oracle Corporation, a Delaware corporation ( Parent ), and Soda Acquisition Corporation, a Delaware corporation and a whollyowned subsidiary of Parent ( Merger Subsidiary ).

Our Full Analysis of the 7. 4B OracleSun Deal. Oracle will acquire Sun common stock for 9. 50 per share in cash. The transaction is valued at approximately 7. 4 billion, or 5. 6 billion net of Suns cash and debt. Its been approved by Suns board of directors. Oracle will acquire Sun stock for 9. 50 per share. Approximately 62 percent of shares of Sun common stock outstanding as of the record date voted in favor of the merger agreement. sun microsystems oracle merger stock Oracle's takeover of Sun Microsystems comes as surprise to software industry. The US business software company Oracle Corporation today pounced on a troubled Silicon Valley rival, Sun Microsystems, in a 7. 4bn (5. 1bn) agreed takeover hastily struck after an alternative buyout by the computer manufacturer IBM fell apart. In a tieup

Oracle Corporations, the database management business, merger with the Sun Microsystems, a software company, is beneficial to both the corporations in that Sun is relieved from the risk of bankruptcy, while Oracle gets diversified market scope and market stock as sun microsystems oracle merger stock Jan 28, 2010 Answers. The Oracle purchase of Sun was just approved. You will receive ORA Oracle shares in exchange once the settlement dust rests. CEO Larry Ellison says Java is 'most important software we've ever acquired Sanford Bernstein analyst Toni Sacconaghi estimated that in order to achieve that added 1. 5 billion in profit following the merger, Oracle will need to cut between 5, 500 and 10, 000 jobs. Sun currently employs roughly 33, 500 people. Oracle and Sun Microsystems Oracle acquired Sun Microsystems in 2010, and since that time Oracle's hardware and software engineers have worked sidebyside to build fully integrated systems and optimized solutions designed to achieve performance levels that are unmatched in the industry. Feb 12, 2016  Worst tech mergers and acquisitions: Oracle and Sun, and the sad tale of Palm. A corporate merger, like a marriage, can yield a whole stronger than its parts

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