Sun Shareholders Approve Merger With Oracle

Article Source InformationWeek
July 17, 2009, 10:50 am

By a margin of 3 to 2, or 62 percent, at a special meeting at Sun Microsystems’ headquarters in Santa Clara Thursday, Sun shareholders gave the Oracle merger a green light.

Pending approval by the Justice Department, database titan Oracle is set to acquire Sun for $9.50 per share in cash, or $5.6 billion including Sun’s cash and debt…