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Stock Market & Financial Investment News

News Breaks
February 4, 2013
08:10 EDTAPKT, ORCLOracle acquires Acme Packet for $29.25 per share in cash
Acme Packet (APKT) announced that it has entered into an agreement to be acquired by Oracle (ORCL) for $29.25 per share in cash representing a fully diluted equity value of $2.1B. Net of cash the deal represents an enterprise value of $1.7B. The combination of Oracle and Acme Packet is expected to accelerate the migration to all-IP networks by enabling secure and reliable communications from any device, across any network, the company said. The board of Acme Packet has unanimously approved the transaction. The transaction is expected to close in the first half of 2013, subject to Acme Packet stockholder approval, certain regulatory approvals and other customary closing conditions.
News For APKT;ORCL From The Last 14 Days
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July 29, 2014
07:51 EDTORCLOracle extends expiration date of tender offer for MICROS to August 15
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July 28, 2014
08:49 EDTORCLOracle to benefit over longer term from shift to cloud, says Pacific Crest
Pacific Crest believes that the shift to Oracle's cloud products may result in a drop in the company's maintenance revenue initially. The firm thinks the company will ultimately collect more revenue from its customers, although the margins may decline. Pacific Crest thinks that Oracle is "making solid progress" in the cloud and Big Data. It views the stock's valuation as compelling and keeps an Outperform rating on the shares.
July 25, 2014
06:35 EDTORCLEU poised to decide on Oracle, MICROS agreement, Reuters says
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July 16, 2014
08:08 EDTORCLOracle Social Cloud announces LinkedIn support for SRM platform
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