JMP Securities Downgrades NetSuite (N) to Market Perform
- Wall St drops as Meta Platforms, economic data weigh
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steady as US demand concerns balance Middle East conflict risks
- Dollar firmer on higher U.S. inflation; yen sinks vs euro, US currency
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Crude Inventory Declined 6.4 Million Barrels Last Week
- Meta Platforms, IBM, Caterpillar fall premarket; American Airlines, Chipotle rise
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
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- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
Oracle (ORCL) Announces Completion of NetSuite (N) Tender Offer
November 7, 2016 6:07 AM ESTOracle Corporation (NYSE: ORCL) announced that a majority of the unaffiliated shares of NetSuite Inc. (NYSE: N) were validly tendered and the other conditions to the tender offer have been satisfied. The acquisition of NetSuite will be consummated by Oracle on... More
Oracle says majority of NetSuite holders back acquisition
November 5, 2016 10:17 AM EDT(Reuters) - Oracle Corp (NYSE: ORCL) said on Saturday its proposed $9.3 billion acquisition of cloud storage company NetSuite Inc (NYSE: N) will move forward after more than half of eligible NetSuite shareholders backed the bid.
Oracle said in a statement that holders of 53 percent... More