Corporation, the US-based software
company, intends to acquire Sun Microsystems.
The deal is estimated to cost Oracle
$7.4 million. It is expected to be
a cash transaction and Oracle will
purchase the shares at $9.50 each.
A statement from the Oracle Corporation
President Safra Catz says, “We
expect this acquisition to be accretive
to Oracle's earnings by at least 15
cents on a non-GAAP (non-generally