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IT

NetSuite shareholder opposes Oracle takeover

Thursday 8 September 2016 | 12:16 CET | News
The largest minority shareholder in NetSuite, T. Rowe Price announced that it plans to oppose the company's proposed takeover by Oracle. NetSuite published a letter received from the shareholder outlining its concerns about the conflict of interest created by Oracle's existing large stake in NetSuite, which has led to a lower value for NetSuite than its peers. Furthermore, the Oracle bid does not take into account potential synergies from the integration of NetSuite, and Oracle's existing stake in the company may be scaring off rival bidders. T. Rowe Price called for the company to subject

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Categories: IT
Companies: NetSuite / Oracle
Countries: World
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