Sun Microsystems, Oracle proposed merger clears waiting period hurdle

By Lisa Kerner

Charlotte, N.C., Aug. 21 - The Department of Justice terminated the Hart-Scott-Rodino waiting period in the proposed merger of Sun Microsystems, Inc. and Oracle Corp., according to a form 8-K filed with the Securities and Exchange Commission.

As previously reported, Oracle agreed in April to acquire Sun Microsystems for $9.50 cash per share in a deal valued at approximately $7.4 billion including debt.

Sun shareholders approved the transaction in July.

The merger remains subject to regulatory clearance from the European Commission and certain other closing conditions, the filing said.

Oracle is a Redwood City, Calif.-based enterprise software company.

Sun is a Santa Clara, Calif., networking computing technologies company.

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