Oracle to buy network gear maker Acme Packet for $1.9 billion
REUTERS - Oracle Corp ORCL.O said it agreed to buy network gear maker Acme Packet Inc APKT.O for about $1.9 billion.
The $29.25 per share offer is at a 22 percent premium to Acme Packet's Friday close on the Nasdaq.
(Reporting by Sayantani Ghosh in Bangalore; Editing by Sreejiraj Eluvangal)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Online Grocery Shopping
Put off by snarled city traffic and a shortage of parking, more Indians are shopping for groceries online, helping e-tailers like Bigbasket.com and Localbanya.com turn in profits while supermarkets are struggling. Full Article