Mergers & Acquisitions
Oct. 12, 2016
Oracle extends final offer to NetSuite in $9.3 billion deal
Some NetSuite shareholders, led by T. Rowe Price, are fighting the deal over concerns of undervaluation.
Daily Journal Staff Writer
Oracle Corp. is facing increasing resistance from NetSuite Inc. shareholders in its $9.3 billion offer to buy the cloud computing company, forcing the Redwood Shores-based computing giant to extend the deadline to complete the deal. NetSuite shareholders now have until Nov. 4 to tender their shares, or risk cratering the deal.
"This will be the final extension that Oracl...
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