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Friday, July 17, 2009

Sun's Stockholders approve Acquisition

05:51 Friday, July 17, 2009 Posted by Markus Eisele
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Sun's stockholders approved the company's sale to Oracle for $9.50 a share Thursday.
In an special meeting held at Santa Clara, CA, 62% of Sun's stockholders voted for the acquisition. As a result of this Sun's stock will be taken from the stock market as of Friday.

The deal still needs U.S. and European regulatory sanctions.
If, as Oracle's lawyers said to expect, the deal closes by the end of August, it would be quicker than is usual after a second request for information by the Justice Department.
The agency is reportedly asking questions about Java.