Hello, Guest!
  • Thursday, November 14, 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

Laura Kurup to Join Accenture Federal Services as Data Science Innovation Principal Director Executive Moves

Laura Kurup to Join Accenture Federal Services as Data Science Innovation Principal Director

Laura Kurup, a data and analytics professional, will assume the role of principal director for data science innovation at Accenture‘s (NYSE: ACN) federal government subsidiary on Sept. 11. In this capacity, she will help Accenture Federal Services‘ agency customers address mission-critical challenges using data science, artificial intelligence and machine learning technologies. Prior to AFS, Kurup

Former SEC Official Scott Bauguess Joins Coinbase as Global Regulatory Policy VP Executive Moves

Former SEC Official Scott Bauguess Joins Coinbase as Global Regulatory Policy VP

Scott Bauguess,  a 12-year veteran of the Securities and Exchange Commission, has joined cryptocurrency exchange platform operator Coinbase as vice president of global regulatory policy. He announced his new role Monday in a LinkedIn post and shared that developments in the crypto ecosystem from a policy perspective encouraged him to become involved in digital asset