Textura Corp. (TXTR) Reports In-Line Q1 EPS
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Oracle to buy Textura for $663 million
April 28, 2016 8:20 AM EDT(Reuters) - Oracle Corp (NYSE: ORCL) said it would buy cloud-based payment management services provider Textura Corp (NYSE: TXTR) for $663 million in cash.
The $26-per-share offer represents a premium of 30.7 percent to Textura's Wednesday closing.
(Story corrects to "Wednesday" from "Thursday"... More
Oracle (ORCL) to Acquire Textura (TXTR) in ~$663M Deal
April 28, 2016 8:04 AM EDTOracle (NYSE: ORCL) announced that it has entered into a definitive agreement to acquire Textura (NYSE: TXTR), a leading provider of construction contracts and payment management cloud services for $26.00 per share in cash. The transaction is valued at approximately $663 million, net of Textura's cash.
Textura's cloud services process $3.4 billion in payments for over 6,000 projects each month, helping keep projects on time and under budget while reducing risk for developers, contractors and subcontractors. Textura offers its cloud services in a consumption model preferred by the engineering... More
