Hello, Guest!
  • Sunday, December 22, 2024
"Oracle logo", by Oracle Corporation, the German Wikipedia where it was uploaded by Afrank99, licensed under CC0

Oracle Extends Tender Offer in Connection to Cerner Buy

Oracle (NYSE: ORCL) has once again extended its tender offer of $95 in cash per share to buy all outstanding shares of common stock of health information technology company Cerner (Nasdaq: CERN) to provide more time to satisfy the remaining conditions.

Oracle agreed to acquire Cerner for approximately $28.3 billion through an all-cash tender offer in late December and both parties now expect the tender offer to expire on May 11, Oracle said Wednesday.

The tender offer, which was previously set to expire on April 13, remains subject to approvals under foreign direct investment and foreign competition laws and may be further extended in accordance with the merger deal and the Securities and Exchange Commission’s rules and regulations.

Oracle said approximately 11.5 percent of Cerner’s outstanding shares had been tendered as of April 8, Friday.

In February, Oracle announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for its proposed acquisition of Cerner.

Video of the Day

Related Articles

Mission Space Acquisition Files to Go Public Financial Reports

Mission Space Acquisition Files to Go Public

Mission Space Acquisition, a blank check company based in Cape Canaveral, Florida, intends to raise $100 million through an initial public offering, MarketWatch reported Thursday. The special purpose acquisition company disclosed its IPO plans in a Securities and Exchange Commission filing Wednesday. The newly incorporated SPAC in the Cayman Islands intends to focus on acquiring

Lockheed Bids to Purchase Terran Orbital for Over $500M M&A Activity

Lockheed Bids to Purchase Terran Orbital for Over $500M

Lockheed Martin (NYSE: LMT) has disclosed a nonbinding proposal to acquire spacecraft manufacturer Terran Orbital (NYSE: LLAP) for more than $500 million, SpaceNews reported Friday. The defense contractor offered to pay $1 in cash for each share of Terran Orbital’s outstanding common stock, buy the company’s outstanding warrants for over $70 million in aggregate cash

Report: Rocket Lab to Produce 18 Satellites for US Government Client Under $515M Contract Contract Awards

Report: Rocket Lab to Produce 18 Satellites for US Government Client Under $515M Contract

Rocket Lab will design, produce and deliver 18 satellites to a U.S. government agency under a contract valued at approximately $515 million, SpaceNews reported Saturday. The company disclosed the contract in a Dec. 21 regulatory filing with the Securities and Exchange Commission and sources say the government customer is likely the Space Development Agency, which