TheJunction.net

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.

When asked what he thought of the Sun purchase by Oracle – “I need to think about it,” Ballmer told reporters in Moscow, “I am very surprised.”

I’m hearing that Ballmer wasn’t the only one surprised by Monday’s deal. According to a source of mine, IBM hadn’t given up on purchasing Sun and was blindsided by Oracle’s move.