Mizuho Securities Upgrades Acme Packet (APKT) to Neutral
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Oracle's (ORCL) /Acme (APKT) Acquisition Gets Tech-Related M&A Juices Flowing
February 4, 2013 11:17 AM ESTThis morning, Oracle (Nasdaq: ORCL) announced it was buying session border control technology vender Acme Packet (Nasdaq: APKT) for $29.25 per share cash. The deal came at a respectable 22 percent premium to Acme Packe Friday's close. At $2.1 billion ($1.7B net cash), the Acme acquisition is the largest deal in technology so far this year, but it undoubtedly will not be the last, or the largest. In fact, traders are already looking... More
Oracle (ORCL) to Acquire Acme Packet (APKT) for $29.25/Share
February 4, 2013 8:01 AM ESTOracle (NASDAQ: ORCL) today announced that it has entered into an agreement to acquire Acme Packet (NASDAQ: APKT), the leading global provider of session border control technology for $29.25 per share or approximately $1.7 billion, net of Acme Packet's cash. Acme Packet... More
