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NEW YORK (TheStreet) - In a bit of a surprising move, Oracle announced the acquisition of Acme Packet for $29.25 a share earlier this week, representing a 22% premium on Acme Packet's closing price last Friday. The fully diluted equity value of...
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Market wrap-up for February 4th
End of the Day: S&P 500 down 129.7 to 13,880.08; Dow Jones down 17.5 to 1,495.71; Nasdaq down 47.9 to 3,131.17
The following is a brief summary of events moving markets today:
* Oracle (Nasdaq: ORCL) announced...
Technology stocks were mostly lower Monday as shares of Oracle Corp. shed 1% to $35.83 after the software giant announced it was buying Acme Packet Inc. for $29.25 a share in a deal valued at roughly $1.7 billion. Shares of Acme Packet soared...
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