Showing Tag: "sun" (Show all posts)

Sun shareholders approve Oracle merger - Update

Posted by Oyya-Info on Thursday, July 16, 2009, In : Business Tech 

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...


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Sun investors to vote on Oracle on July 16

Posted by Oyya-Info on Monday, June 15, 2009, In : Business Tech 
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...


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