8-KAcquisitions & DispositionsOther EventsExhibits & Filings

ORACLE CORP 8-K Report, Acquisition Completed (Jan 28, 2010)

Filed January 28, 2010For Securities:ORCLORCL-PD

Summary

Oracle Corporation (ORCL) has officially completed its acquisition of Sun Microsystems, Inc. through a merger completed on January 26, 2010. Each share of Sun common stock was converted into $9.50 in cash. This significant transaction was funded through Oracle's existing cash reserves, operational cash flow, and prior borrowings, indicating a strategic move to expand Oracle's market presence and technology portfolio. While the immediate financial statements and pro forma information for the acquired Sun assets will be filed later via amendment (within 71 days), the completion of this merger marks a pivotal moment for Oracle. Investors should anticipate future filings that will detail the financial impact of this acquisition, including the integration of Sun's assets and operations into Oracle's business model.

Key Highlights

  • 1Completion of the merger between Oracle and Sun Microsystems, Inc. effective January 26, 2010.
  • 2Sun Microsystems shareholders will receive $9.50 in cash for each share of Sun common stock.
  • 3The acquisition was funded by Oracle's internal cash, cash from operations, and previous borrowings.
  • 4Sun Microsystems will operate as a wholly-owned subsidiary of Oracle post-merger.
  • 5Oracle announced the completion of the acquisition via a press release filed on January 27, 2010.
  • 6Detailed financial statements and pro forma information for the acquired business will be filed at a later date via amendment (within 71 days).

Frequently Asked Questions

The primary event is the completion of Oracle Corporation's acquisition of Sun Microsystems, Inc. through a merger that became effective on January 26, 2010.

Each outstanding share of Sun common stock was converted into the right to receive $9.50 in cash, without interest.

The merger consideration is being funded through Oracle's internally available cash, cash generated from operations, and cash obtained from previous borrowings.

Oracle stated that the required financial statements of the acquired business and pro forma financial information will be filed by amendment within 71 calendar days after the date of this 8-K report.