By: Benzinga
February 04, 2013 at 13:18 PM EST
Jefferies Reiterates Hold Rating, $35 on Oracle Corporation on Acme Packet Acquisition
In a report published Monday, Jefferies reiterated its Hold rating and $35.00 price target on Oracle Corporation (NASDAQ: ORCL ). Jefferies noted, “This morning Oracle announced plans to acquire session border controller (SBC) maker Acme Packet (APKT) for $29.25/share in cash ($1.68B EV) and expects to close the transaction in
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