As a result, NetSuite shares jumped about 20 percent to the offer price level of $109. The total transaction value is estimated at about $9.3 billion.
A few hours after the expiry of
The final count is that Oracle received about 22.812 million unaffiliated shares or 55.76 percent of the overall unaffiliated shares and 77.65 percent of the total issued and outstanding shares. These shares were properly tender and not withdrawn.
The latest acquisition is the second biggest for Oracle, after it acquired PeopleSoft Inc. for about $10.3 billion more than a decade ago.
Earlier this year, Oracle disclosed its agreement to acquire Opower Inc. for about $532 million to extend its position in the cloud.
At last check, NetSuite was up 20.7 percent to $109.04 in Monday's pre-market session.
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