JMP Securities Downgrades NetSuite (N) to Market Perform

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Go back to JMP Securities Downgrades NetSuite (N) to Market Perform

Oracle Completes Tender Offer for Acquisition of NetSuite

November 5, 2016 12:56 AM EDT

REDWOOD SHORES, Calif., Nov. 5, 2016 /PRNewswire/ -- Oracle 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 Monday, November 7, 2016.  American Stock Transfer & Trust Company LLC, the depositary for the tender offer, has indicated that as of 12:00 Midnight, Eastern time, at the end of November 4, 2016, approximately 21,775,553 unaffiliated Shares, or 53.21% of the total unaffiliated Shares, and 62,330,605... More