Oracle completes takeover of NetSuite

Monday 7 November 2016 | 09:30 CET | News

Oracle said it has completed its acquisition of NetSuite, as of 7 November. The company announced the takeover, for USD 9.3 billion in cash, in July.

About 53.21 percent of unaffiliated shares (21.8 million)and 76.39 percent of total shares issued (62.3 million) have been tendered the offer. The figures do not include 1.0 million of unaffiliated shares that will come further in the Offer to Purchase. Including these, about 55.76 percent of unaffiliated and 77.65 percent of total shares will have tendered into the offer.

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