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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Oracle Corp. said Thursday its fiscal first-quarter profit jumped 28 percent, beating Wall Street’s expectations, as software sales stayed steady despite turmoil in the U.S. economy. The business software maker’s net income for the three months that ended… [...] |
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