By: Benzinga
February 04, 2013 at 13:11 PM EST
UPDATE: Citigroup Reiterates Buy on Oracle Corporation Following Acquisition
Citigroup reiterated Oracle Corporation (NASDAQ: ORCL ) at Buy with a $38 price target following the Acme Packet (NASDAQ: APKT ) acquisition. Citigroup commented, "Oracle agreed to acquire publicly traded networking company Acme Packet for $1.7B net of Acme's cash, a 22% premium. Acme's session border control technology
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