ORCL for APKT Bid Surprises Telco; How Much Competition for CSCO?
The Street this afternoon is pondering the $2.1 billion purchase of Acme Packet (APKT) by Oracle (ORCL), announced this morning, for $29.25 per share, which will bring the database and application and server maker into the field of telecom equipment. Shares of Acme are up $5.36, or 22%, at $29.29, pennies above the deal price, [...]
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