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Sun shareholders give green light to Oracle buyout

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  #1  
Old 07-16-2009
Justin's Avatar
TechSpot Guru
 
Location: Oregon, USA
Member since: Apr 2002, 1,595 posts
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Sun shareholders give green light to Oracle buyout

As far as most outsiders were concerned, the Sun-Oracle merger was all but finished. Shareholders still had to voice their opinion, however, and this week those holding approximately 62 percent of all shares voted in favor of the merger. In all, Sun will end up being purchased for about $7.4 billion, which will likely please most shareholders and execs for the struggling yet still relevant tech company.

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  #2  
Old 07-16-2009
TechSpot Evangelist
 
Location: Four Corners, US
Member since: Dec 2006, 10,626 posts
Another good company about to be milked drive, and disposed of by Oracle.
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