POTENTIAL DEAL DETAILS
|Date Announced||12/16/2021||Source||Wall Street Journal|
|Type||Unsolicited Bid||Acquiring Company/Person||Oracle Corporation|
|Date of Confirmation:||12/20/2021||Price at Confirmation:||$90.64|
|Potential Profit:||0.97%||Annualized Profit:||88.43%|
Oracle Corp. (ORCL) is in talks to buy electronic-medical-records company Cerner Corp. (CERN), according to people familiar with the matter, a deal that could be worth around $30 billion and push the enterprise-software giant further into healthcare.
December 20, 2021: Oracle Corporation (ORCL) and Cerner Corporation (CERN) jointly announced an agreement for Oracle to acquire Cerner through an all-cash tender offer for $95.00 per share, or approximately $28.3 billion in equity value.
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