Larry Ellison, Oracle CEO
The sun shareholder lawsuits claim the amount offered for Sun is “unfair and inadequate.” The tender price offered by Oracle was generally considered to be a bargain, and came as Sun has been shopping itself around the industry.
Additionally – Sun Microsystems, which is in the middle of a $5.6bn acquisition by software giant Oracle, said in its 10-Q quarterly financial filing with the Securities and Exchange Commission that it may have broken bribery laws overseas.
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