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Oracle to buy NetSuite for USD 9.3 billion

2016-07-28 15:37:00| Telecompaper Headlines

(Telecompaper) Oracle is accelerating its push into cloud services with the agreed takeover of NetSuite for USD 9.3 billion. Oracle said NetSuite pioneered the idea of cloud computing for business applications already in 1998. NetSuite provides a suite of cloud-based financials, ERP and omnichannel commerce software that services more than 30,000 companies and organizations in more than 100 countries. The acquisition was approved by a committee of independent Oracle directors and is expected to add immediately to the company's adjusted earnings. Oracle is offering USD 109 per share for NetSuite, a 19 percent premium on the share price the day before the announcement. Oracle aims to complete the takeover before the end of the year.

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Investors Buy Shares of Oracle Co. (ORCL) on Weakness After Insider Selling

2016-04-05 04:31:01| IT Services - Topix.net

Investors bought shares of Oracle Co. on weakness during trading on Monday following insider selling activity, AnalystRatings.NET reports.

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Oracle Co. (ORCL) Downgraded to "Buy" at Vetr Inc.

2016-03-27 14:58:58| Telecom - Topix.net

They presently have a $45.37 price objective on the enterprise software provider's stock. Vetr 's target price suggests a potential upside of 10.74% from the stock's current price.

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Oracle Co. (ORCL) Downgraded to "Buy" at Vetr Inc.

2016-03-27 05:47:25| IT Services - Topix.net

They presently have a $45.37 price objective on the enterprise software provider's stock. Vetr 's target price suggests a potential upside of 10.74% from the stock's current price.

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Oracle Co. (ORCL) Receives Buy Rating from Barclays

2015-12-21 01:12:10| IT Services - Topix.net

's stock had its "buy" rating reiterated by equities researchers at Barclays in a report issued on Sunday, Analyst Ratings.Net reports. In related news, CEO Mark V. Hurd sold 375,000 shares of Oracle stock in a transaction on Thursday, October 1st.

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