Sun Stockholders Approve Oracle Acquisition

A special meeting of Sun stockholders held on July 16, 2009, to vote on whether to accept Oracle's proposal to buyout the company has been approved. Sun reports approximately 62% of the shares of outstanding Sun common stock voted to adopt the agreement. Oracle will acquire Sun common stock for $9.50 per share in cash.

The Department of Justice is in the process of performing due diligence regarding antitrust issues. On June 26, the DOJ took a second 30-day window of time to continue the research on the proposed acquisition. Once approved, the Federal Trade Commission and the Securities and Exchange Commission also will review the buyout.

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Sun to be Acquired by Oracle

Sun and Oracle Partner Page [...read more...]

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Other articles in the News section of Volume 137, Issue 3:

Good News from Sun Marketing
Preliminary Results for Sun's Fourth Quarter Fiscal Year 2009
Sun Stockholders Approve Oracle Acquisition (this article)

See all archived articles in the News section.

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