Rochester, NY 8/22/2009 6:56:13 AM
Oracle Corporation, ORCL ,Oracle Settles to Get US clearance for the Completion of Sun acquisition
Oracle Corporation
US Department of justice granted the clearance to Oracle for its $7.4bn acquisition of Sun Microsystems, after an earlier delay in the approval process threatened to knock the deal off-course.
Oracle, a leading US software company had originally hoped to the close the deal quickly, but hit a stumbling block when the DoJ failed to give its approval at the end of an initial investigation. In an unusual move at the time, a lawyer representing Oracle said that the hold-up related to “one narrow issue” that was “never going to get in the way of the deal.”
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