By Lisa Kerner
Charlotte, N.C., March 1 - Oracle Corp. said it will acquire Hyperion Solutions Corp. in a cash tender offer for $52.00 per share.
The estimated $3.3 billion transaction is expected to close in April.
"Hyperion is the latest move in our strategy to expand Oracle's offerings to SAP customers," Oracle president Charles Phillips said in a company news release.
"Thousands of SAP customers rely on Hyperion as their financial consolidation, analysis and reporting system of record. Oracle already has PeopleSoft HR, Siebel CRM, G-Log, Demantra, i-flex, Oracle Retail, and Oracle Fusion Middleware installed at SAP's largest ERP customers. Now Oracle's Hyperion software will be the lens through which SAP's most important customers view and analyze their underlying SAP ERP data."
Oracle is an enterprise software company located in Redwood Shores, Calif.
Hyperion is a business performance management software company based in Santa Clara, Calif.
| Acquirer: | Oracle Corp.
|
| Target: | Hyperion Solutions Corp.
|
| Transaction value: | $3.3 billion
|
| Payment per share: | $52.00
|
| Announcement date: | March 1
|
| Expected closing: | April
|
| Stock price for target: | Nasdaq: HYSL; $42.84 on Feb. 28
|
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