Netsuite (N) Shares See Increased Volatility Ahead of Oracle (ORCL) Tender Offer Deadline

November 3, 2016 2:38 PM EDT

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

(Updated - November 3, 2016 2:50 PM EDT)

Netsuite (NYSE: N) trading paused for volatility.

UPDATE - Oracle Corporation (NYSE: ORCL) announced on October 7th that it extended the expiration of its tender offer for the acquisition of NetSuite to Friday, November 4, 2016.

Oracle noted that it would be the final extension that Oracle is obligated to make under the merger agreement.

Shares of Netsuite are up 4 percent, but did pop up as much as 8.6 percent at the halt.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Mergers and Acquisitions, Trader Talk

Related Entities

Definitive Agreement

Add Your Comment