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Oracle (ORCL) CEO Hurd Says NetSuite Deal 'Done from Our Perspective'

NEW YORK (TheStreet) -- Oracle (ORCL) has given its "best and final offer" on NetSuite (N), Oracle CEO Mark Hurd said on CNBC's "Closing Bell" on Wednesday afternoon.

"Well it's done from our perspective. We had special boards, special committees of both boards negotiate the transaction. We think we've made a fair offer of $109 a share," he said.

While $109 was the peak for the stock price in the past 18 months back in July, certain shareholders said they wanted a higher offer. Earlier this month, Oracle...