Posted by Oyya-Info on Thursday, July 16, 2009,
Sun Microsystems announced Thursday that the stockholders at its
special meeting voted in favor of the merger agreement with Oracle.
Investors holding approximately 62 percent of all shares of Sun common
stock voted yes to the deal under which Oracle will acquire Sun for
$9.50 a share in cash, a total of $7.4 billion, or $5.6 billion net of
Sun's cash and debt.
The acquisition still faces antitrust scrutiny
by the U.S. Department of Justice over one sticking point on Java
licensing. But Oracl...
Tune in on July 16 to see whether Oracle actually becomes the new parent of Sun Microsystems.
Sun's board of directors has set up a special shareholder meeting
for that date to vote on the proposed merger with Oracle, according to
a statement Sun released Monday. Sun's board, which has already okayed the merger, is urging stockholders to approve the deal--a majority vote is needed to push it through.
Shareholders can vote on the merger in person, at Sun's Web site, or
through a proxy card rece...