Oracle holds subsequent offer for Hyperion shares

By Lisa Kerner

Charlotte, N.C., April 13 - Oracle Corp. said Hyperion Solutions Corp. shareholders tendered approximately 55.4 million shares, or 91.7% of the shares outstanding, in the tender offer that expired on April 13.

A subsequent offering for all remaining Hyperion shares ends on April 18, according to a company news release.

Following the subsequent offering period, Oracle will acquire all of the remaining outstanding shares of Hyperion in a merger making Hyperion a wholly-owned subsidiary of Oracle.

On March 1, Oracle announced it would acquire Hyperion for $52 per share in a cash transaction valued at about $3.3 billion.

Oracle is an enterprise software company located in Redwood Shores, Calif.

Hyperion is a business performance management software company based in Santa Clara, Calif.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.