Summary
Oracle Corporation (ORCL) has filed an 8-K report on February 12, 2007, detailing the final results of its mandatory open offer for i-flex solutions limited (i-flex) equity shares. This offer, which began on August 14, 2006, was a requirement under Indian law following Oracle's preferential allotment of i-flex shares to a subsidiary. The offer was for up to 28,390,000 i-flex shares at a price of Rs. 2,100 per share. The key takeaway for investors is the conclusion of this mandatory offer process. While the filing itself does not provide specific participation numbers or the total number of shares ultimately acquired by Oracle in this open offer, it confirms that the final results have been publicly announced in accordance with Indian regulations. Investors interested in the exact outcome of the open offer, including the final share count and Oracle's resulting ownership percentage in i-flex, should refer to the attached Exhibit 99.1, the Public Announcement dated February 10, 2007.
Key Highlights
- 1Oracle Corp. (ORCL) filed an 8-K on February 12, 2007.
- 2The filing pertains to the final results of a mandatory open offer for i-flex solutions limited (i-flex) shares.
- 3The open offer was initiated on August 14, 2006, with a price of Rs. 2,100 per equity share.
- 4The offer was a regulatory requirement under Indian law, following a preferential allotment to an Oracle subsidiary.
- 5Oracle announced the final results of the mandatory open offer on February 10, 2007.
- 6The public announcement detailing the final results is attached as Exhibit 99.1.