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Special Stockholder Meeting Set for July 16, 2009 Special Committee of the Sun Board of Directors to Vote on Merger Agreement with Oracle June 9, 2009, Volume 136, Issue 2
Sun stockholders are scheduled to meet on July 16, 2009, to vote on the adoption of the merger agreement between Sun and Oracle. The proposal to adopt the merger agreement must be approved by a majority of the outstanding shares of Sun's common stock. A definitive proxy statement regarding the merger agreement was filed June 8, with the U.S. Securities and Exchange Commission. This filing is available on Sun\'s website and will be mailed together with a proxy card on or around June 10, 2009, to Sun stockholders. The special meeting of stockholders will take place at 10:00 a.m. Pacific Time on July 16, 2009, at Sun's Auditorium located on the Santa Clara Campus. A Special Committee of Sun's Board of Directors selected the date. Back in April, the company's Board of Directors unanimously approved to sell Sun to Oracle for $9.50 per share in cash for common stock. The value of the deal breaks down to approximately $7.4 billion, or $5.6 billion net of Sun's cash and debt. More Information
More information from Sun on the proposed merger
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the merger agreement must be approved by a majority of the outstanding shares of Sun's common stock
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Special Stockholder Meeting Set for July 16, 2009
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