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Oracle Corporation (NASDAQ:ORCL) announced today that the European Commission has decided to seek more information regarding Oracle's acquisition of Sun Microsystems by conducting a Phase Two inquiry. The U.S. Department of Justice approved Oracle's proposed acquisition of Sun Microsystems without conditions and terminated the waiting period under the Hart-Scott-Rodino Act on August 20, 2009. Sun's stockholders approved the transaction on July 16, 2009. Closing of the transaction is subject to certain conditions, including clearance by the European Commission.
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About Oracle
Oracle (NASDAQ: ORCL) is the world's largest business software company. For more information about Oracle, please visit http://www.oracle.com
Oracle Comments on European Commission Extension
Oracle Corporation (NASDAQ:ORCL) announced today that the European Commission has decided to seek more information regarding Oracle's acquisition of Sun Microsystems by conducting a Phase Two inquiry. The U.S. Department of Justice approved Oracle's proposed acquisition of Sun Microsystems without conditions and terminated the waiting period under the Hart-Scott-Rodino Act on August 20, 2009. Sun's stockholders approved the transaction on July 16, 2009. Closing of the transaction is subject to certain conditions, including clearance by the European Commission.
To read the full Oracle Press Release click here
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About UKOCN
UKOCN is your primary resource for informative, up-to-date Oracle community news, updates, Partners innovations and more within the UK. Join today to get total access to the most relevant information to you - white papers, press releases, presentations, data sheets, special offers, training, events, jobs and more.
About Oracle
Oracle (NASDAQ: ORCL) is the world's largest business software company. For more information about Oracle, please visit http://www.oracle.com