Oracle will pay $ 28.3 billion for a group that capitalizes on $ 23 billion
The largest acquisition in the history of Oracle, but Wall Street does not celebrate. It loses more than 2.5% of the Nyse the title of the group founded by Larry Ellison after launching its largest acquisition ever, increasing its presence in the healthcare sector.
The American giant of the software and enterprise cloud services, which has a capitalization of over 280 billion dollars, will purchase Cerner, society of Kansas City leader in electronic health records and that cit capitalizes about 23 billion, with an all in cash, paying $ 95 per share, or a total of $ 28.3 billion. The deal, which is expected to close in the year 2022, will allow a Oracle to offer customers its services cloud the ability to access their medical records.
The agreement had already been talked about last Friday, when the Wall Street Journal had reported rumors relating to an alleged agreement between the two companies. Cnbc underlines how the operation takes place in a phase of great ferment of operations BUT in the world, with the market itself of mergers and acquisitions which exceeded $ 5 trillion this year, according to a report cited by Reuters, for the first time ever.
The leap occurred mainly due to mergers and acquisitions carried out in the technology and healthcare sectors. Cerner stock closed sharply higher at $ 89.77 on Friday. Today, Cerner earns 0.9%. Oracle loses 2.6%, after losing 6.3% on Friday on news of the deals.
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