---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-362532"
form_type: "8-K"
ticker: "ORCL"
cik: "0001341439"
company_name: "ORACLE CORP"
filed_at: "2021-12-20T23:59:59+00:00"
generated_at: "2026-06-27T23:37:24.942443+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Oracle to acquire Cerner for $28.3B ($95/sh); accretive to non-GAAP EPS in FY23

## Summary
- All-cash tender offer at $95.00 per share, equity value ~$28.3B.
- Expected to close in calendar 2022, subject to regulatory and tender conditions.
- Accretive to Oracle's non-GAAP EPS in first full fiscal year after closing.
- Cerner to operate as a dedicated Industry Business Unit within Oracle.
- Oracle intends to retain an investment grade credit rating post-deal.

## SEC filing metadata
- accession: 0001193125-21-362532
- form_type: 8-K
- ticker: ORCL
- cik: 0001341439
- company_name: ORACLE CORP
- filed_at: 2021-12-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1341439/000119312521362532/0001193125-21-362532-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1341439/000119312521362532/d276733d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-362532
- JSON: https://secwatch.observer/filing/0001193125-21-362532.json
- Plain text: https://secwatch.observer/filing/0001193125-21-362532.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.