Rochester,NY 8/22/2009 1:16:06 AM
Oracle Corporation.,ORCL-Antitrust regulators give green signal to Oracle-Sun Deal
Oracle Corporation
Antitrust regulators at the U.S. Department of Justice on Thursday cleared Oracle Corp.'s (ORCL) $7.4 billion deal to buy Sun Microsystems Inc. (JAVA), thus eliminating a major hurdle for the transaction.
Oracle, which makes databases and other software for large corporations, has informed that it hopes to close the deal this summer, which now depends on the approval of European antitrust regulators. The European Commission should decide by Sept. 3 whether to clear the acquisition or launch a detailed investigation.
Sun's shareholders approved the deal last month.
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