T. Rowe Price Associates has named its price to accept Oracle's bid for That deadline was set after Oracle extended its tender offer twice. Price is in a good position because the deal needs a majority of unaffiliated shares for approval. Early in September, T. Rowe Price said it would not tender its 14.5 million shares. That represents a huge chunk of the 20,403,928 unaffiliated shares that must be tendered for Oracle to seal the purchase of the cloud vendor. At the $109 price, the deal is worth about $9.3 billion. You can do the math on the total if Price gets what it wants. One financial publication says the investment firm is playing chicken. I'm not completely sure that is the case. Price may well mean what it said in the original objection—that it believe NetSuite has a bright future and will realize the benefits of its investments in growth in the not-too-distant future. The decision is likely to be influenced by possible litigation—who is more likely to sue: NetSuite investors if the price is too low or Oracle shareholders if it is too high.
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