It's a done deal and NetSuite vanishes as a publicly traded company. Oracle offered $109 per share in cash for NetSuite, about $9.3 billion. However, early in September, T. Rowe Price said it would not tender its 14.5 million shares, which represented a huge chunk of the 20,403,928 unaffiliated shares. Price said it would take $133 per share. But it's getting $109. So Larry Ellison's Oracle takes over Larry Ellison's NetSuite. About the only thing missing from the hard stance Oracle took was a statement "Resistance is futile."
ORACLE WINS NETSUITE OFFER Featured
After sparring with investment firm T. Rowe Price for a couple of months, Oracle has won its bid to take over NetSuite. After extending its tender offer third time, Oracle said the November 4 deadline would be the last. The parties said this week that the bidder, which needed a majority of unaffiliated shares, had 53.21 percent of that class of shares tendered.
