Weil Gotshal Reps Oracle In Latest $1.7B Software Buy

Law360, New York (February 4, 2013, 12:36 PM EST) -- Oracle Corp. revived its big-ticket acquisition blitz Monday when it unveiled plans to pick up software company Acme Packet for $1.7 billion as part of a broader plan to flesh out the California tech giant's communications portfolio.

Under the deal's terms, Oracle will pay $29.25 in cash for each Acme share, a roughly 22 percent premium over Friday's closing price. The companies did not give a financing breakdown for the transaction, which pending shareholder and regulatory approvals is expected to close in the first half of...
To view the full article, register now.