Summary
This Form 8-K/A filing from Oracle Corporation (ORCL) serves as an amendment to their initial report filed on January 31, 2006, primarily to include the necessary financial information related to the acquisition of Siebel Systems, Inc. The amendment confirms the completion of the acquisition on January 31, 2006, through a series of mergers. This transaction represents a significant development for Oracle, integrating Siebel Systems into its corporate structure. Investors should note the substantial consideration paid for Siebel Systems, comprising approximately $4.1 billion in cash and 140.7 million shares of Oracle common stock. The filing also provides access to the audited consolidated financial statements of Siebel Systems for the fiscal years ending December 31, 2005 and 2004. This information is crucial for understanding the financial impact and the value of the acquired entity to Oracle's overall business.
Key Highlights
- 1Oracle Corporation (ORCL) filed an Amendment No. 1 to its Form 8-K to provide financial information related to the acquisition of Siebel Systems, Inc.
- 2The acquisition of Siebel Systems, Inc. was officially completed on January 31, 2006.
- 3The total consideration for the Siebel Systems acquisition consisted of approximately $4.1 billion in cash and 140.7 million shares of Oracle common stock.
- 4The filing includes the audited consolidated financial statements of Siebel Systems as of December 31, 2005 and 2004, and for the two years then ended.
- 5This amendment also incorporates pro forma financial information previously filed by Oracle Systems Corporation on January 17, 2006.