February 04, 2013 at 08:23 AM EST
APKT Halted: ORCL Buys Networker for $29.25, Will Push into ‘All-IP Networks’
Shares of networking equipment vendor Acme Packet (APKT) were halted just before Oracle (ORCL) announced a short while ago that it will purchase the company for $29.25 per share, 22% above the $23.93 at which it last traded, for $2.1 billion, or $1.7 billion net of cash acquired. Oracle co-president Mark Hurd remarked that Acme will [...]
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