Oracle to acquire Sun Microsystems for $7.4 billion

Oracle to acquire Sun Microsystems for $7.4 billion

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REDWOOD SHORES - US-based software major Oracle Corp plans to acquire Sun Microsystems for $7.4 billion at $9.50 per share in a cash transaction, the two companies said Monday.

‘We expect this acquisition to be accretive to Oracle’s earnings by at least 15 cents on a non-GAAP (non-generally accepted accounting practices) basis in the first full [...]

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